Hon Hai Net Climbs as Apple Boosts Fees for IPhone Making
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Hon Hai Precision Industry Co., the world’s largest contract manufacturer of electronics, posted a bigger-than-expected profit as investment losses were overturned and Apple Inc. paid more for the iPhone’s manufacture.
Third-quarter net income climbed 58 percent to NT$30.3 billion ($1 billion), according to Bloomberg calculations based on nine-month results filed to the Taiwan Stock Exchange yesterday evening. The average of 13 analysts’ estimates compiled by Bloomberg was for a profit of NT$23.4 billion.