TAIPEI – Hon Hai today reported a 21% year-over-year jump in second-quarter net profits to T$15.03 billion. Earnings were up 26% sequentially.
 
The company easily beat previous earnings estimates of T$11.23 billion.
 
On the flip side, Hon Hai’s contract manufacturing unit Foxconn International reported its second straight half-year loss, as Nokia and others dropped business with them.
 
For the six months ended June 30, Foxconn reported a 34% year-over-year drop in consolidated turnover of $3.16 billion. The company’s loss was $19 million, down from $142 million last year.
 
Foxconn was hurt by falling demand for handsets: Shipments have dropped 90 million units to a total of 520 million units so far this year.
 
US $1 = T $32.915

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