TAIPEI -- Hon Hai Precision Industry Co., the parent company of Foxconn, will report a 38% hike in profits for its recently completed quarter, according to a polling of financial analysts.

Hon Hai is expected to post a net profit of T$15.28 billion ($460 million) for the September quarter, up 19.7% sequentially. Results are due early next week.


The upsurge comes from consumer electronics demand and mobile phones. (Foxconn builds iPods for Apple,  computers for Dell, H-P and Sony, and phones for Nokia and Motorola.

There's no end in sight from the company's growth, analysts say. "Fourth quarter earnings should be even better than third quarter," said Reuters, quoting Taiwanese analyst Lu Chia-lin.

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