February 9, 2018 / 11:12 AM / a year ago

Foxconn's January sales rise 16 percent year-on-year

The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan March 29, 2016. REUTERS/Tyrone Siu/File Photo

TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, said its January revenues were up 16 percent compared to the previous year in a statement on Friday.

It reported consolidated revenue of T$400.6 billion ($13.67 billion) in January, the company said in a filing to the Taiwan stock exchange.

Foxconn, formally known as Hon Hai Precision Industry Co Ltd (2317.TW) and a major Apple AAPLO.O supplier, had a solid start to the year after three consecutive months of year-on-year revenue growth in the fourth quarter.

In December, the company reported a 50.2 percent year-on-year rise in revenues for December, it said.

($1 = 29.3140 Taiwan dollars)

Reporting by Jess Macy Yu. Editing by Jane Merriman

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