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Taiwan's HTC reports flat Q2 net profit

Mon Jul 6, 2009 2:44am EDT

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TAIPEI, July 6 (Reuters) - HTC (2498.TW), the world's fourth-largest smartphone brand, reported a 2 percent fall in its second quarter net profit on Monday, but its results were much better than expected.

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HTC said it made a net profit of T$6.49 billion ($197.1 million) in the quarter ending June, beating analysts' forecasts of a T$5.735 billion net profit.

The company did not provide any guidance in its statement, but said last month it expects full-year unit shipments to be 20 percent higher than previously forecast. [ID:nTP95844]

(Reporting by Kelvin Soh; Editing by Jonathan Hopfner)

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