| Foxconn's Earnings Spike in June Quarter |
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| Written by Mike Buetow | |||
| Thursday, 31 August 2006 08:12 | |||
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TAIPEI -- Hon Hai Precision Industry, the trading name of Foxconn, reported second-quarter earnings rose 32% over a year ago and 18% sequentially, according to media reports. The company showed a net profit of $388 million (T$12.77 billion) for the quarter ended June, according to Reuters. That compares to a profit of roughly $328 million (T$9.98 billion) in the March quarter. (The percentage gains are based on the U.S. dollar conversions.) The company reported first-half sales of $10.9 billion (T$359.5 billion). It expects demand for consumer electronics, PCs and networking gear to drive second half sales. Hon Hai reported second-quarter income of $294 million (T$8.94 billion) a year ago.
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| Last Updated on Friday, 01 September 2006 06:54 |
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