Foxconn Electronics (Hon Hai Precision Industry) has reported its second-quarter results: consolidated revenues reached NT$879.09 billion (US$29.3 billion), down 0.49% sequentially; gross margin was 7.05%, up 1.01pp from the first quarter; net profit totaled NT$20.19 billion, up 3.2% sequentially; and EPS came to NT$1.37.

Foxconn pointed out that its gross margin imrpoved mainly because of better production efficiency, boosted by automation.

As for the first-half results, Foxconn achieved consolidated revenues of NT$1.76 trillion, a slight drop from the same period a year ago; gross margin was 6.54%; net profit reached NT$39.73 billion, up 19.19% on year and EPS came to NT$2.7, higher than the NT$2.55 of the same period a year ago.

Foxconn's board of directors also passed several new plans on August 13 including distribution of dividend of NT$1.8 in cash and NT$1.2 in stock, issuing unsecured corporate bonds and making adjustments to several investments.