On Friday, the world's largest contract maker of electronics, including Apple's iPhones and iPods and Nintendo's Wii, announced that in the first half of this year its after-tax profits were up 32% year-on-year to NT$31.26 billion ($944.4 million). Net income rose 18% to NT$15.6 billion. Analysts had, however, expected an even better performance. The mean estimate of six analysts compiled by Bloomberg had profits hitting NT$16.7 billion.
But its earnings translate into a net EPS (earnings per share) of NT$4.97 for the first half, which is the company's highest EPS ever for an interim period. And it's continuing its effort to diversify its plant operations as a way to ensure it stays in the lowest-cost, most efficient manufacturing areas. China may be it now, but will Vietnam be the future?