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EMS provider Foxconn Electronics (Hon Hai Precision Industry) has reported its third-quarter 2017 gross margin was 5.83%, the lowest quarterly level since second-quarter 2013. Its net profit for the quarter reached NT$21.029 billion (US$698.34 million).
Appreciation of the Chinese currency in the third quarter resulted in higher production cost in China, Foxconn explained.
|
Foxconn: Financial report, 3Q17 (NT$b) |
|||||
|
Item |
3Q17 |
Q/Q |
Y/Y |
Jan-Sep 2017 |
Y/Y |
|
Consolidated revenues |
1,078.892 |
16.96% |
0.33% |
2,976.348 |
0.71% |
|
Gross margin |
5.83% |
(0.98pp) |
(1.61pp) |
6.63% |
(0.24pp) |
|
Net operating profit |
18.716 |
(24.99%) |
(55.55%) |
80.157 |
(18.42%) |
|
Net profit |
21.029 |
17.61% |
(39.29%) |
67.076 |
(16.05%) |
|
Net EPS (NT$) |
1.21 |
3.87 |
|||
Source: Company, compiled by Digitimes, November 2017
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