Foxconn Result 15/8/2018

Foxconn Electronics reported Q2 net profits of NT$17.49 billion ($566.6 million), down 2% YoY and at the lowest level for five years, on record high sales of NT$1.07 trillion ($34.7 billion), up 17%. For the first six months there were profits of NT$41.57 billion ($1.3 billion), a decrease of 10%, on revenue of NT$2.1 trillion ($68 billion), a rise of 11%. Although the company did not comment on its results, observers think that turnover was boosted by taking orders with low margins.