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Hon Hai Q2 Net Profit Up 89%

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Hon Hai Precision Industry Co (OTC: HNHPF) reported an 89% rise in its second-quarter net profit.

Hon Hai's quarterly net profit surged to 23.81 billion New Taiwan dollars ($794.6 million), versus NT$12.60 billion, in the year-ago period. However, analysts were expecting a profit of NT$16.32 billion.

Its revenue gained to NT$895.62 billion from NT$891.90 billion.

Hon Hai shares closed at $4.91 yesterday.

Posted-In: profitEarnings News


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