TAIPEI -- Hon Hai Precision Industry, the trading name of Foxconn, reported second-quarter earnings rose 32% over a year ago and 18% sequentially, according to media reports.

The company showed a net profit of $388 million (T$12.77 billion) for the quarter ended June, according to Reuters. That compares to a profit of roughly $328 million (T$9.98 billion) in the March quarter.

(The percentage gains are based on the U.S. dollar conversions.)

The company reported first-half sales of $10.9 billion (T$359.5 billion). It expects demand for consumer electronics, PCs and networking gear to drive second half sales.

Hon Hai reported second-quarter income of $294 million (T$8.94 billion) a year ago.

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