Hon Hai might see revenue dip in Q2: analysts

QUITE A PROPOSAL:Hon Hai is to soon decide on whether to approve a cash dividend, which would see distribution of NT$62.55bn in its biggest-ever payout

Taipei Times
Date: Jun 10, 2016
By: Staff writer, with CNA

Slow season effects are expected to continue affecting Hon Hai Precision Industry Co’s (鴻海精密) shipments in the second quarter of this year, analysts said yesterday.

Hon Hai, the world’s largest contract electronics maker, could see its revenue for the April-to-June period fall below the NT$957.9 billion (US$29.73 billion) it recorded in the first quarter by a single-digit percentage, they said.

The analysts’ remarks came after Hon Hai on Wednesday reported weaker sales for last month, as the lingering slow season effects put a dent in the firm’s shipments of consumer electronics devices, although shipments of computing and communications devices remained little changed.

Consolidated sales declined 8.37 percent to NT$295.41 billion from the previous month and fell 2.05 percent from the previous year, the assembler of iPhones and iPads for Apple Inc said in a statement.     [FULL  STORY]

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