Hon Hai posts record first-quarter profit

SLOWDOWN AHEAD:After record first-quarter earnings, analysts said Hon Hai would post slower growth in the second half after losing new iPhone orders to Pegatron

Taipei Times
Date: May 16, 2015
By: Lauly Li  /  Staff reporter

Hon Hai Precision Industry Co (鴻海精密) yesterday reported that its net income surged 55.47 percent year-on-year to NT$30.38 billion (US$992.42 million) last quarter, marking the highest profit for the January-March quarter in the company’s history.

The iPhone assembler’s earnings results beat market expectations of NT$28.36 billion. Earnings per share were NT$2.05 last quarter, compared with NT$1.33 a year earlier, the company said.

However, last quarter’s figure was 46.42 percent lower than the NT$56.71 billion it made in the previous quarter.     [FULL  STORY]

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