News
News
Foxxcon's 1H Profits Jump 66%
Published: 23 September 2005
by Mike Buetow
HONG KONG -- Foxconn International reported first-half net earnings of $146.9 million, up 66% from $88.3 million last year. For the six months ended June 30, the ODM posted revenue of $2.35 billion, up from $1.29 billion a year ago.
Analysts pointed to greater sales of handsets to Nokia and Motorola as aiding the surge. About 90% of
Foxconn's revenue comes from sales to Motorola and Nokia, Dow Jones reported.
Foxconn is owned by Hon Hai Precision Industry.
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