Shares in Taiwan's Hon Hai rise after record profit

Mar 26, 2013

Shares in Taiwan's Hon Hai Precision, better known as Foxconn, closed 1.33 percent higher Tuesday at Tw$83.5 ($2.80) after the tech giant reported a record net profit last year.

Investors were reacting to the firm's announcement late Monday that surged 16.14 percent to Tw$94.76 billion ($3.18 billion) in 2012. Revenue rose 13.11 percent year-on-year to Tw$3.9 trillion.

In the three months to December, net profit rose 22 percent year-on-year to Tw$36.97 billion while sales jumped 30 percent to Tw$1.14 trillion.

The conglomerate is the world's largest computer component manufacturer and assembles products for Apple—including the —as well as Sony and Nokia.

It employs about one million workers in China, roughly half of them based at its main facility in .

Explore further: Visa, MasterCard moving into mobile pay in Africa

add to favorites email to friend print save as pdf

Related Stories

Taiwan's Hon Hai 2Q profit down 23%

Aug 31, 2011

Taiwan tech giant Hon Hai Precision, the world's biggest contract electronics maker, said Wednesday net profit fell 23 percent in the three months to June mainly due to a tax on retained earnings.

Parent of Taiwan's Foxconn reports profit drop

Oct 31, 2011

The parent of Taiwan technology giant Foxconn, which makes iPads and iPhones for Apple, said Monday its third-quarter profit dropped, with analysts pointing to the cost of moving factories in China.

Taiwan's HTC expects 30 percent sales plunge in 1Q

Feb 06, 2012

Taiwan's leading smartphone maker HTC forecast Monday that its revenue in the three months to March may plunge 30 percent from a year ago, as competitors Apple and Samsung take their grip on the market.

Taiwan Semiconductor profits up nearly 25%

Jan 27, 2011

Taiwan Semiconductor Manufacturing Co, the world's leading contract microchip maker, said Thursday its profits in the three months to December rose nearly 25 percent on the back of strong demand.

Recommended for you

Car industry welcomes Google, Apple but battles loom

7 minutes ago

It could be the battle of the titans. Auto giants at the Geneva Motor Show say they welcome the potential move of Silicon Valley players into their sector but experts warn of major disruptions.

Woman in Silicon Valley sex discrimination suit to testify

1 hour ago

The woman at the center of a sex discrimination lawsuit against one of Silicon Valley's most prestigious venture capital firms is set to take the stand in a case that has focused attention on the treatment of women in the ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.