caLogo

TAIPEI -- Foxconn today reported fourth quarter net profits grew 30% year-over-year to T$68.8 billion ($2.26 billion), beating consensus estimates.

Net income from the period ended Dec. 31 was up for the first time in a year, and topped the consensus analyst forecast of T$48.78 billion.

As previously reported by CIRCUITS ASSEMBLY, Foxconn's revenue was down 2.8% last year.

For the year, Foxconn's net income was T$148.7 billion, up 1.2% from 2015. The world's largest EMS/ODM, according to the CIRCUITS ASSEMBLY Directory of EMS Companies, has struggled to absorb the money-losing Sharp Corp., which it acquired last year.

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

Sign in to your account