Hon Hai Group's third-quarter revenue fell 12% year-on-year to NT$1.54 trillion

According to news from this site on November 14, Foxconn’s parent company Hon Hai Technology Group today announced its third quarter report for 2023, with third quarter revenue of NT$1.54 trillion (Note from this site: currently approximately NT$348.04 billion ), dropped 12% year-on-year, with market estimates of NT$1.55 trillion.

Hon Hai Technology Group’s net profit in the third quarter was NT$43.13 billion (approximately NT$9.747 billion), a year-on-year increase of 11%, exceeding market estimates of NT$34.01 billion

Hon Hai expects fourth-quarter revenue and full-year revenue to record a year-on-year decline.

In October 2023, Hon Hai Technology Group’s revenue reached NT$741.2 billion (approximately 167.511 billion yuan), a month-on-month increase of 12.20% and a year-on-year decrease of 4.56%. This is the second highest in the same period in previous years. Cumulative revenue in the first 10 months of 2023 was NT$5.494 trillion (approximately NT$1.24 trillion), a year-on-year decrease of 7.21%, which was also the second highest in the same period in previous years.

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