Foxconn fourth-quarter internet profit estimated T$71.66 billion, up four % from year ago. As it stated in TAIPEI (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics producer & a key Apple Inc APPL.O supplier, announced on Friday 4.2 % development in 4th quarter internet profit from a year ago, defying expectations for a decline.
The logo of Foxconn, the trading name of Hon Hai Precision Industry, Information Systems seen on highest of the company’s building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone SiuNet profit in the last 3 months of 2017 reached T$71.66 bn ($2.46 billion), up from T$68.77 bn in the 4th quarter of 2016, according to a Reuters calculation based on the complete year 2017 results of Foxconn, known officially as Hon Hai Precision Industry Co.A motorcyclist rides past the logo of Foxconn, the trading name of Hon Hai Precision Industry, in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone SiuIt was well ahead of the T$60.75 bn prediction with 8 analysts polled with Thomson Reuters SmartEstimates.
For 2017 as a whole, Foxconn’s internet profit totaled T$138.7 billion, drop 6.7 % from 2016, the Corporation told in a filing to the Taiwan Stock Exchange.
Manazil internet profit grows with 6%
by Oscar Rousseau on Apr 1, 2018UAE-based developer Manazil Real Estate’s internet profit promoted with 6.7% to $42m (AED221m) in 2017.
The company’s height in internet profit Information Systems slightly ahead of the $40m (AED207) in full-year internet profit it announced in 2016. Year-on-year income promoted with 15%, according to the Manazil’s consolidated financial results up to 31 December, 2017.
News of internet profit development for the business comes after Manazil signed a memorandum of understanding (MoU) with the America outfit probably Institute to develop a school for children with autism in the UAE. And the solid internet profit development for 2017 proposes the company’s restructuring, initiated 4 years ago, coupled with efforts to diversify its income streams have supported the profit, next some challenging years.
Contractuals = capitalists’ billions internet profit
As mentioned in ‘Billions’ can mean two or three billions, the time in reality there are exploitative corporations which internet hundreds of billions of pesos–all into the pockets of the capitalist.
So, capitalists whom President Duterte believes to be without money, are in reality making annually hundreds of billions of pesos internet profit.Billions of pesos internet profit into the sine of a one-family business?
No sick leave, he isn’t paid for those days—his family won’t eat.Contractuals contribute much to the enormous internet profit for these capitalists. P10 bn higher than 257 % from P2.8 bn Former year.China Banking Corp internet revenue up twelve % to P4.43 bn from same period Former year. Net profit P38.6 bn up 35 % from Former year’s P28.5 billion.SM Investments Corp (banking, mall, etc.)
collected by :Victor Alphen