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Apple supplier Foxconn posts fastest monthly sales rise in about half a year

Reuters  |  TAIPEI 

(Reuters) - Hon Hai Precision Industry Co Ltd, the world's largest contract electronics manufacturer, posted on Friday a 24 percent rise in its May sales, posting the biggest gain since December 2017, mainly due to strong sales in products.

Hon Hai, known better by its trade name and a key supplier of Apple Inc's products, took in revenues of T$347.1 billion ($11.60 billion) in May, up from T$279.8 billion from a year earlier, it said in a filing to the stock exchange.

A representative told reporters on a call after the revenue announcement that the robust growth was due to computing, consumer and

The announcement came after the market closed. Hon Hai's shares ended down 2.9 percent, lagging the broad index's 0.85 percent fall.

($1 = 29.9130 dollars)

(Reporting by Jess Macy Yu; Editing by Jon Boyle)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 16:15 IST