Shares of Taiwan’s Hon Hai Precision Industry jumped more than 1.5 per cent early on Wednesday after the main manufacturer of Apple’s products posted a sharp rise in quarterly net profit, boosted by new gadget launches by the California giant.
Hon Hai, the assembler of both iPhone 5 and mini iPad launched in September and October, respectively, started mass production for the products in late August.
The company’s net profit in July-September was T$30.26 billion (US$1.03 billion), up 57 per cent from a year earlier.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1073798/hon-hai-shares-jump-after-strong-q3-profit
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