Wed, Jun 04, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

MANUFACTURERS

HTC reports revenue drop

Taiwanese smartphone maker HTC Corp (宏達電) yesterday reported worse-than-expected consolidated revenue for last month after two consecutive months of gains. Consolidated revenue was NT$21.1 billion (US$711 million) last month, down 4.6 percent from April and down 27.37 percent from a year ago, HTC said in a statement. Total revenue for the first five months of the year reached NT$76.3 billion, down 16.54 percent from the previous year, the company said. HTC has projected that its second-quarter consolidated revenue will be between NT$65 billion and NT$70 billion, a target that will require revenue this month of NT$21.8 billion.

AVIATION

Cargo to bring profit: CAL

China Airlines Ltd (CAL, 中華航空) said yesterday that its slowly recovering cargo business will help the company turn to profit this year, as global market demand for air cargo might have bottomed out late last year. “It is somewhat challenging [to be profitable], but we are sparing no efforts to meet this goal,” CAL chairman Sun Huang-hsiang (孫洪祥) said on the sidelines of the annual International Air Transport Association (IATA) meeting in Doha. According to IATA research, carriers in the Asia Pacific region are more likely to see moderately stronger cargo markets this year, which could help boost collective net profits to US$3.2 billion, up US$1.2 billion from last year.

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