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Hon Hai's Q1 gross profit margin falls below 7%

2012/05/14 21:39:39

Taipei, May 14 (CNA) Taiwan's Hon Hai Precision Industry Co., the world's largest contract electronics maker, reported Monday that its gross profit margin fell to 6.64 percent in the first three months of 2012.

Its operating margin dropped to 1.52 percent during the same period.

In late April, Hon Hai, which manufactures iPhones and iPads for Apple Inc., reported lower-than-expected earnings per share of NT$1.4 (US$0.047) for the first quarter, down nearly 56 percent from the NT$3.18 it earned per share in the previous quarter.

(By James Lee)