Foxconn Electronics (Hon Hai Precision Industry) has reported net profit of NT$68.766 billion (US$2.17 billion) for fourth-quarter 2016, the company's highest-ever quarterly level.

In addition, gross margin of 8.44% for the fourth quarter was the highest quarterly figure since first-quarter 2013. This is because shipments for main clients' new products significantly increased in the fourth quarter and production efficiency was on the rise due to more automated production, Foxconn noted.