The shares of Hon Hai Precision Industry Co (
Net income was NT$7.6 billion (US$222 million), compared with NT$5.4 billion a year earlier. Sales rose 43 percent to NT$87.6 billion.
"Hon Hai had good sales growth," said George Wu (
Hon Hai has started making motherboards, which connect the parts in personal computers, and has won orders from Intel Corp, which has handed off most of its board business to Hon Hai, Wu said.
Hon Hai, led by Chairman Terry Gou (
"Hon Hai will still be able to fuel strong growth," said Roland Wee (
Wee said Hon Hai may overtake Singapore-based Flextronics International Ltd this year as the world's leading maker of electronics for other companies, after buying Ambit Microsystems Corp (
Hon Hai bought Ambit, which makes parts for telecommunications equipment, for NT$36.7 billion last year.
Gou, 53, last month reiterated his plans to retire in about four years. Gou is Taiwan's richest man, with assets of US$2.8 billion, according to Forbes magazine. Gou will install ``professional management'' to run the company, he said in an interview.
The founder of Hon Hai built his fortune after starting the company in 1974 with an investment of NT$300,000 to make plastic knobs for television sets.
Hon Hai's return on equity, a measure of how well the company invests income to make more profit, rose to a five-year record of 29 percent in 2003.
Gou last month created a fund worth about NT$9.5 billion so that dividends can be used for employee bonuses.
Gou started the trust fund with 80 million of his shares in the company to avoid share dilution caused by distributing stock bonuses to employees, company spokesman Edmund Ding (