Hon Hai reports Sharp’s earnings

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Hon Hai reports Sharp’s earnings

Hon Hai Precision Industry Co. of Taiwan (aka Foxconn) announced that its Sharp division expects a 2.4-fold increase in net profit for the current business year through next March to billion yen ($473 million)
- projects sales to rise 3.5% to 2.35 trillion yen
o operating profit to increase 55.4% to 82 billion yen
- during last quarter, net profit decreased 36.6% to 7.95 billion yen
- total sales of all products up 0.4% to 517.29 billion yen
o includes cooking appliances, TVs, air purifiers, LCDs, copiers and printers
- operating profit plunged 37.8% to 9.08 billion yen

8/10/209:46 PM

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Hon Hai reports Sharp’s earnings

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