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Foxconn revenues drop in May

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Foxconn revenues drop in May
MOPS, June 12; Rodney Chan, DIGITIMES [Monday 12 June 2017]

Foxconn Electronics (Hon Hai Precision Industry) has reported consolidated revenues of NT$279.846 billion (US$9.29 billion) for May 2017, representing a 13.3% drop on month and 5.27% drop on year.

The EMS provider has totaled NT$1579.236 billion in year-to-date revenues, up 0.23% compared with the same time last year.

For the year of 2016, Foxconn Electronics (Hon Hai Precision Industry) totaled NT$4356.988 billion in consolidated revenues, down 2.81% sequentially on year.

The company’s stock price changed -1.98% and finished at NT$103.00 in trading on the Taiwan Stock Exchange (TSE) on June 12, 2017.

Foxconn’s first-quarter 2017 revenues came to NT$975.04 billion, up slightly from the same quarter a year ago. Its gross margins for the first quarter were 7.36%, better than the 7.05% of first-quarter 2016, while net profits also grew from NT$27.58 billion to NT$28.17 billion.

Foxconn: Consolidated revenues, May 2016 - May 2017 (NT$m)

Foxconn: Consolidated revenues, May 2016 – May 2017 (NT$m)

Month

Sales

M/M

Y/Y

YTD

Y/Y

May-17

279,846

(13.3%)

(5.3%)

1,579,236

0.2%

Apr-17

322,788

(5.5%)

0.1%

1,299,390

1.5%

Mar-17

341,690

18%

0.6%

976,602

2%

Feb-17

289,580

(16.1%)

3.2%

634,912

2.7%

Jan-17

345,332

(23.2%)

2.3%

345,332

2.3%

Dec-16

449,639

(6.5%)

9.8%

4,356,988

(2.8%)

Nov-16

480,672

1.9%

(7.1%)

3,907,349

(4.1%)

Oct-16

471,933

0.8%

(6.2%)

3,426,678

(3.6%)

Sep-16

468,362

49.8%

1.6%

2,954,745

(3.2%)

Aug-16

312,697

6.7%

6.8%

2,486,383

(4.1%)

Jul-16

293,000

(3.9%)

(6.2%)

2,173,686

(5.5%)

Jun-16

305,011

3.3%

(4.3%)

1,880,685

(5.4%)

May-16

295,411

(8.4%)

(2.1%)

1,575,674

(5.6%)

*Figures are consolidated
Source: TSE, compiled by Digitimes, June 2017

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