Hon Hai reports financial growth in 2024 annual results

TAIPEI - Hon Hai (TW:2317) Precision Industry Co., Ltd., widely known as Foxconn (SS:601138), has announced its consolidated financial results for the fiscal year 2024, following approval by its Board of Directors and Audit Committee on Friday. The report details the company’s financial performance, including revenue and profits for the period from January 1 to December 31, 2024.

The electronics manufacturing giant reported an operating revenue of approximately 6.86 trillion New Taiwan Dollars (NTD) for the year, marking a significant financial turnover. The gross profit from operations stood at around 428.95 billion NTD, with the net operating income reaching 200.61 billion NTD.

Pre-tax profits for the year were reported at 211.88 billion NTD, while the net profit after tax amounted to 171.68 billion NTD. The profit attributable to the owners of the parent company was approximately 152.71 billion NTD.

Basic earnings per share (EPS) for the year were calculated at 11.01 NTD. In terms of the company’s financial position at the year’s end, total assets were recorded at approximately 4.39 trillion NTD and total liabilities at around 2.54 trillion NTD. Equity attributable to the owners of the parent company was approximately 1.65 trillion NTD.

The financial report did not specify any additional matters that needed to be addressed. These figures indicate a robust financial year for Hon Hai, reflecting its position as a key player in the global electronics manufacturing services (EMS) industry.

The information provided in this article is based on a press release statement from Hon Hai Precision Industry Co., Ltd. The full financial report details the company’s performance and position at the end of the fiscal year 2024, offering investors and stakeholders a comprehensive overview of its financial health.

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