TAIPEI (Reuters) – Taiwan's Foxconn ( 2317.TW ), the world's largest contract electronics maker and a major supplier to Apple Inc. APPL.O, reported growth of 4.2 percent on Friday in the fourth quarter a year ago, despite expectations for a decline.
Net Income for the Last Three Months of 2017 According to a Reuters calculation based on the 2017 results from Foxconn, officially known as the Hon Hai Precision Industry Co.
It was well ahead of Thomson Reuters SmartEstimates' $ 60.75 billion forecast.
For the full year of 2017, Foxconn posted a net profit of $ 138.7 billion, down 6.7 percent from 2016, the company said in a letter to the Taiwan Stock Exchange.
($ 1 = 29,1030 Taiwan dollars)
coverage by Twinnie Siu and Meg Shen; Arrangement by Jacqueline Wong and Peter Graff