TAIPEI Hon Hai Precision Industry, the parent company of Foxconn Electronics, reported 2007 revenues rose 42.5% year-over-year, hitting a record $38 billion.

The company expects net profits of $2.6 billion, according to reports.

The company reported December revenues rose 58.2% year-over-year to $4.6 billion. It was the sixth straight monthly high for Foxconn, the world's largest EMS/ODM company.

Sales were boosted by demand for PCs and telecom products such as mobile phones.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account