By Clarence Leong


Foxconn Technology Group's net profit in the second quarter rose 12% from a year earlier, as its profit margins widened.

The Taiwanese electronics maker, formally known as Hon Hai Precision Industry Co., said Wednesday that net profit for the quarter came in at 33.29 billion new Taiwan dollars (US$1.11 billion), compared with NT$29.78 billion a year earlier.

The result beat an estimate of NT$30.50 billion taken from a FactSet poll of analysts.

Foxconn's operating profit margin for the quarter was 2.94%, compared with 2.40% in the year-earlier period.

Revenue for the period increased 12% to NT$1.510 trillion.


Write to Clarence Leong at clarence.leong@wsj.com


(END) Dow Jones Newswires

08-10-22 0304ET