Hon Hai Precision Industry Co (鴻海精密), the world's contract maker of electronic components, yesterday posted NT$115.16 billion (US$3.53 billion) in unconsolidated sales last month, up 29.74 percent from NT$88.77 billion a year earlier.
It was the second month that Hon Hai has seen its sales rise above the NT$100 billion mark. Sales reached NT$100.37 billion in August.
"The September figure wasn't a surprise to me as Hon Hai has seen monthly sales of more than NT$90 billion since June this year," said Sean Ryan (
"With the approaching of high season for its consumer electronic products, the company is expected to continue witnessing robust sales growth throughout the fourth quarter," he said.
Hon Hai makes PlayStation game consoles for Sony Corp, assembles iPods and iPhones for Apple Inc, supplies handset parts for Motorola Inc and produces personal computers for Hewlett-Packard Co.
For the first nine months of the year, Hon Hai reported unconsolidated revenues of NT$822.75 billion, a rise of 39.46 percent from 589.96 billion during the same period last year, the company said in a release yesterday.
Ryan said he expected Hon Hai to post consolidated revenues of between NT$1.5 trillion and NT$1.6 trillion this year.
Shares of Hon Hai, climbed NT$0.5, or 0.2 percent to close at NT$253 on the Taiwan Stock Exchange yesterday. The stock has risen 6.53 percent since the beginning of this year.
Hon Hai, meanwhile, is reportedly planning to build a new plant in Russia to meet rising demand, as its chairman Terry Gou (郭台銘) is taking a four-day trip to Moscow and St. Petersburg, the Chinese-language United Evening News reported yesterday, without citing its sources.
Calls to Hon Hai spokesman Edmund Ding (
Hon Hai has production sites in Taiwan, China, Brazil, the Czech Republic, Ireland, Finland, Hungary, Mexico and Vietnam.
The newspaper said Hon Hai would invest US$50 million to establish a PC factory in St. Petersburg. It said Gou would host a groundbreaking ceremony tomorrow and return home on Sunday.
The plant is expected to begin production late next year of PCs, liquid-crystal-display screens and computer peripherals, the newspaper said.
RSS