HTC announced FY16 Q4 results with net revenue of NT$22.2 bn ($720 mn) with net losses of NT$3.1 bn ($100.5 mn), however with an gross margin of 10.5%. The net revenue was the same as the previous quarter however 14% lower on a y-o-y basis. The net losses were 72% higher than the previous quarter but 10% lower on a y-o-y basis.
On a consolidated basis, FY16 had net revenues of NT$ 78.2 bn ($2.5 bn) and net losses of NT$ 10.6 bn ($343.6 mn). Revenues were significantly lower on a y-o-y basis, with a dip of 36% while net losses also decreased by 32%.
