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: Mexico City proposes regulations for Uber

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

Mexico City proposes regulations for Uber

Jul 04, 2015

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

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.