(Telecompaper) HTC reported preliminary results for the first quarter showing revenues at TWD 42.8 billion, down 36.9 percent from a year earlier. The company earlier forecast sales flat to lower versus Q4, at TWD 50-60 billion. The year-on-year drop in sales accelerated from 6.5 percent in January to 48.6 percent in March. Operating profit for the three months to March fell to TWD 43 billion, and net profit came in at TWD 85 million or TWD 0.10 per share.