Foxconn witnesses 10% revenue growth in 2013

23rd August 2013 | By Mouseworld Now Correspondent |

New Delhi, India, August 23, 2013: Foxconn, a leading manufacturer of computer components and systems, has reported consolidated revenues of NT$895.6 billion (US$29.91 billion) for the second quarter, up 10.7% sequentially with gross margin rising 0.12pp to 5.8%, net profits reaching NT$16.98 billion and EPS at NT$1.30.

Although Foxconn only had consolidated revenues of NT$1.7 trillion, down 9.9% on year; the company enjoyed a consolidated gross margin of 5.74% with net profits also growing over 20% on year to NT$33.33 billion and EPS growing from NT$2.34 during the same period a year ago to NT$2.56.

According to a report, Foxconn’s revenue is estimated to climb sharply each quarter in the second half of the year, with Apple’s new iPhone, iPad and iPad mini set for release in September. This helps in raising Foxconn’s gross margin and profit.

 

© Mouseworld Now News Service

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