Taiwan's Hon Hai Q2 net profit up 41 percent

August 13th, 2013 in Technology / Business

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.

© 2013 AFP

"Taiwan's Hon Hai Q2 net profit up 41 percent." August 13th, 2013. http://phys.org/news/2013-08-taiwan-hon-hai-q2-net.html