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Home / Business / Foxconn's fourth quarter net income was estimated at $ 71.66 billion, an increase of 4 percent over the prior year

Foxconn's fourth quarter net income was estimated at $ 71.66 billion, an increase of 4 percent over the prior year



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.

The logo of Foxconn, the trade name of Hon Hai Precision Industry, can be seen at the company building in Taipei, Taiwan, March 30, 201
8. REUTERS / Tyrone Siu

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.

A motorcyclist, TI reached $ 71, 66 billion ($ 2.46 billion) compared to T $ 68.77 billion in the fourth quarter of 2016 will go on March 30, 2018 over the logo of Foxconn, the trade name of Hon Hai Precision Industry, in Taipei, Taiwan.

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


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