Hon Hai Precision Industry Co (鴻海精密), which assembles Apple Inc’s iPads and iPhones as well as electronic gadgets for other brands, yesterday reported that consolidated revenue last month increased 4.93 percent from a month earlier to register the best January level in the company’s history.
Revenue was NT$660.36 billion (US$22.09 billion), compared with NT$629.34 billion in December last year, the company said in a statement.
Last month’s result was slightly ahead of market estimates, as the company resumed full operation of its Zhengzhou factory in China.
Photo: Ann Wang, REUTERS
Compared with December last year, Hon Hai benefited from a strong showing in its consumer electronics division, followed by the computing products division, the company said.
Cloud and networking products as well as components divisions posted weak sales last month due to fewer working days in the month and a higher comparison base last year, it said.
On an annual basis, the company’s revenue last month was up 48.15 percent from NT$445.75 billion, it said.
Last month’s figure was the highest since October last year, when the company posted NT$776.58 billion in revenue, Hon Hai said, adding that it was upbeat about this quarter’s returns.
Market estimates expect Hon Hai to deliver annual revenue growth in the first quarter, and could hit a record-breaking high for the three-month period.
Last year, Hon Hai generated record-high NT$6.62 trillion in revenue, keeping it at the top of sales rankings among listed firms in Taiwan, Taiwan Stock Exchange data showed.
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