Hon Hai Precision Industry reports 1.76 percent monthly drop in June


CNA

TAIPEI — Hon Hai Precision Industry Co., the world’s largest contract electronics maker, reported Tuesday a 1.76 percent monthly decline in non-consolidated sales for June, in reflection of the slow-season effects of the second quarter on the global high tech sector.

Hon Hai said it recorded NT$236.83 billion in non-consolidated sales for June, down from NT$241.09 billion in May but up 3.69 percent from a year earlier. In the second quarter, Hon Hai’s non-consolidated sales fell 7.63 percent from the first quarter to NT$729.65 billion, but the second quarter figure was the third highest in the company’s history.