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Hon Hai Precision's Q3 profit up 58%

Nov. 2, 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 third quarter of this year surge 58% YoY to NT$30.3 billion or US$1 billion.

The company said in a statement that its operation revenue for the three-month period grew 6.8% from a year earlier to NT$711 billion.

In the first half of this year, the Taiwan based contract electronics manufacturer saw its net profit amount to NT$27.5 billion or US$918 million, reflecting a YoY increase of 0.5%.

Hon Hai Precision Industry announced in a statement that it will invest US$375 million in Mainland China to set up several plants.

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