Foxconn parent company Hon Hai Precision Industry mustered a sizable profit during the first quarter, but its gains were tempered by rising employment costs.
During the first quarter, Hon Hai generated a profit of NT$14.9 (about $510 million), up slightly from the NT$14.4 billion profit it posted during the first quarter of 2011. According to Dow Jones Newswires, which polled eight analysts who profile Hon Hai, the profit was well below consensus of NT$22.1 billion in earnings.
Hon Hai's profit margin slid from 7.25 percent last year to 4 percent this year. … Read more