HTC Q2 quarterly profit up 49%

Taiwan smartphone manufacturer, HTC reported another decline in its quarterly revenues, but did manage to return to profit.

The company announced unaudited revenues of NT$65 billion (US$2.17 billion), down on the NT$70.7 billion a year ago.

The company managed to increase its quarterly profit to NT$2.26 billion from NT$1.52 billion, and a marked return to profit after the loss of NT$1.88 billion it posted three months ago.

HTC also posted an underlying operating profit of NT$2.43 billion, the first it has reported after three consecutive quarters of operating losses.