Hon Hai’s Revenue Jumps, But Net Is Flat
Hon Hai Precision Industry Co. said Friday its first-half profit rose only slightly as revenue growth driven by strong demand for Apple products was largely offset by an accounting loss on its investment in Sharp Corp.
Hon Hai, which assembles Apple Inc.’s iPad and iPhone, said its net profit for the six months ended June 30 rose to 27.53 billion New Taiwan dollars (US$918 million) from NT$27.38 billion a year earlier. Revenue rose 25 percent to NT$1.89 trillion.
