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Hon Hai Precision's H1 profit up 0.5%

Sep. 3, 2012 (China Knowledge) - Hon Hai Precision Industry Co, the world's largest contract electronics manufacturer by revenue and the parent firm of Hong Kong-listed Foxconn International Holdings<2038>, has announced its net profit for the first half of this year edged up 0.5% YoY to NT$27.53 billion or US$918 million.

The company said in a statement that its operation revenue for the six-month period surged 25% from a year earlier to NT$1.89 trillion, boosted by good sales of iPhone and iPad.

Its subsidiary company, Foxconn International Holdings<2038>, earlier reported that its net loss attributable to shareholders reach US$226.07 million in the first half of this year, compared with a net loss of US$17.65 million it realized in the same period of 2011.

In March 2012, Hon Hai Precision Industry agreed to purchase 9.9% stake in Sharp Co with a total investment of about US$800 million.

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