Hon Hai Q4 Net Profit Surges 66%

Hon Hai Precision Industry Co

reported a 66% surge in its fourth-quarter net profit. Hon Hai's quarterly net profit climbed to NT$35.0 billion, from NT$21 billion, in the year-ago period. Its revenue surged 24% to NT$1.074 trillion versus NT$863.2 billion in the previous quarter. Hon Hai shares closed at $7.00 yesterday.