Manufacturing News

Hon Hai's After-tax Income Exceeds Industry Projections in 2009

Hon Hai Precision Industry Co., Ltd. made NT$8.84 per share in after-tax net income last year, higher than the NT$7.76-8.13 range previously projected by industry watchers and exceeding the NT$7.44 it earned the previous year.

Throughout last year, the company raked in consolidated revenue totaling US$61 billion, increasing a marginal 0.46% from a year earlier. In the meantime, its consolidated after-tax net income was US$2.3 billion, or NT$8.84 per share, surging 37.3% from a year earlier.

Industry watchers ascribed the better-than-expected earning result achieved by the top contract-electronics manufacturer to strong post-meltdown recovery beginning the second half of last year. The recovery led to the NT$3.39 it earned per share in after-tax net income in the fourth quarter last year, higher than the projected NT$2.3-2.7 range.

High earnings prompted the company to decide to pay shareholders cash dividend of NT$2 and stock dividend of NT$1.2 from 2009 earnings.

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