Taiwan's Hon Hai Q2 net profit up 41 percent

Aug 13, 2013

Taiwan's tech giant Hon Hai Precision, a major supplier to Apple, said Tuesday that its net profit in the three months to June rose 41 percent year-on-year.

Net profit in the second quarter was Tw$16.9 billion ($565 million), up from Tw$12.0 billion a year earlier, Hon Hai—the parent company of Foxconn in China—said in a statement.

Sales edged up 0.41 percent to Tw$895.6 billion.

Hon Hai is the world's largest computer components manufacturer and assembles products for Apple—including the iPhone—as well as Sony and Nokia.

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

Explore further: Taiwan's Hon Hai to hire 3,000 after Mozilla tie-up

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.

Taiwan's Hon Hai to hire 3,000 after Mozilla tie-up

Jun 20, 2013

Taiwan's Hon Hai Precision said Thursday it aims to hire up to 3,000 new employees to develop devices and software for Mozilla's Firefox operating system as it seeks to diversify from its core manufacturing services.

Taiwan's Hon Hai set to spin off units

Jun 26, 2013

Taiwan's Hon Hai Precision said Wednesday it plans to spin off some units as its founder unveiled measures to battle global sluggishness and falling share prices.

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.

Recommended for you

Weibo IPO below expectations, raises $285.6 mn

22 hours ago

Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.

'Chief Yahoo' David Filo returns to board

23 hours ago

Yahoo announced the nomination of three new board members, including company co-founder David Filo, who earned the nickname and formal job title of "Chief Yahoo."

Fired Yahoo exec gets $58M for 15 months of work

23 hours ago

Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

User comments : 0

More news stories

Hackathon team's GoogolPlex gives Siri extra powers

(Phys.org) —Four freshmen at the University of Pennsylvania have taken Apple's personal assistant Siri to behave as a graduate-level executive assistant which, when asked, is capable of adjusting the temperature ...

Better thermal-imaging lens from waste sulfur

Sulfur left over from refining fossil fuels can be transformed into cheap, lightweight, plastic lenses for infrared devices, including night-vision goggles, a University of Arizona-led international team ...

Chronic inflammation linked to 'high-grade' prostate cancer

Men who show signs of chronic inflammation in non-cancerous prostate tissue may have nearly twice the risk of actually having prostate cancer than those with no inflammation, according to results of a new study led by researchers ...