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
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]