Wednesday, October 31, 2012

Engadget: Hon Hai Precision sees profits surge in Q3

Hon Hai Precision sees profits surge in Q3
Oct 31st 2012, 13:07

DNP Foxconn

The two-headed beast that is Foxconn / Hon Hai has just released its latest financials, showing that the oft-troubled manufacturer has seen profit margins jump around two percent. It brought in $24 billion (NT$ 711.0 billion) in net sales, generating a net profit of $1.3 billion (NT$ 30.2 billion). At the end of September, it had $1.4 billion stashed in the bank, and the company has said it is striving to enforce "social and environmental responsibility," as it should, really.

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Hon Hai Precision sees profits surge in Q3 originally appeared on Engadget on Wed, 31 Oct 2012 09:07:00 EDT. Please see our terms for use of feeds.

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Written by Hasloo Network staff.