Taiwan's HTC Q2 net beats forecasts

TAIPEI, July 6 Wed Jul 6, 2011 3:10am EDT

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TAIPEI, July 6 (Reuters) - Taiwan smartphone maker HTC Corp posted a doubling of net profit in the second quarter, beating market expectations and boosted by surging customer demand for its high-tech gadgets.

The world's No.5 handset maker's second-quarter profit was T$17.52 billion ($608.44 million), compared to T$8.64 billion a year earlier, it said on Wednesday. It did not give any details in its statement.

A poll by Thomson Reuters I/B/E/S of 10 analysts had yielded a median forecast of a profit of T$16.53 billion.

The company said on Sunday its consolidated sales for June were up 87.8 percent from the same month a year earlier, reaching a record monthly sales of T$45.05 billion.

HTC will hold a briefing on the Q2 results later in July. ($1 = 28.795 Taiwan Dollars) (Reporting by Clare Jim; Editing by Jonathan Standing)

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