Hon Hai 2018 sales reached a new high


Taipei, Jan. 11 (CNA) – The Japanese manufacturer Hon Hai Precision Industry Co., a maker of iPhone assemblies, has seen its sales for 2018 reach a new high despite market concerns over more shipments. weaker than expected of the latest iPhone models unveiled in September.

According to analysts, Hon Hai has been able to overcome a decline in iPhone sales by diversifying its product portfolio, helping the company to generate a turnover of more than NT $ 5 trillion (US $ 162 billion). ) in 2018.

Still, the record sales volume did little to boost the company's stock, which has fallen more than 13% in the last three months.

On Friday, Hon Hai shares edged up 0.14% to close at NT $ 69.40 in Taipei.

In a statement released on Thursday, Hon Hai, the world's largest electronic market maker, achieved a consolidated business figure of NT $ 5.296 billion, up 12.51 percent from a year ago. the year before. The figure exceeded market estimates by NT $ 5.1 billion.

In the fourth quarter, Hon Hai's consolidated sales increased 31.59% from the previous quarter to NT $ 1.81 trillion, a new quarterly high. The fourth quarter figure was also up 4.62% over the previous year.

Hon Hai has outperformed many other "Apple concept stocks" in terms of revenue.

Among them, Largan Precision Co., provider of camera lenses for smartphones for Apple, saw its consolidated sales for 2018 fall 5.98% to 49.95 billion NT $, after a decline of 23.81% for the fourth quarter compared with the previous quarter, at NT $ 12.45 billion.

In December alone, Hon Hai's consolidated sales reached NT $ 619.32 billion, up 2.97% from the previous month, but down 8.27% from the previous year .

According to Hon Hai, its computing devices division outperformed communications and consumer electronics operations in December.

According to analysts, Hon Hai benefited from a relatively strong demand for servers, laptops and desktops in December, a traditional peak season for consumer electronics products.

Based on Hon Hai sales in 2018, analysts expect the company to report a net profit of $ 110 billion NT for the year.

As a result of a capital reduction during which its paid-up capital and outstanding shares were reduced by 20%, its earnings per share should rise to 8 NT dollars from 8.01 NT in 2017

The estimate included operating expenses of over $ 180 billion NT Hon Hai, including those of its subsidiary FIH Mobile Ltd., listed in Hong Kong, which has invested heavily to market smartphones Nokia brand.

(By Chung Jung-feng and Frances Huang)
Enditem / ls