TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a better-than-expected second quarter profit on Thursday.

The Taiwanese firm reported April-June net profit of T$29.779 billion ($1.07 billion), up 30% from a year earlier, the company said in a statement.

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That compared to a Refinitiv consensus estimate of T$25.98 billion drawn from 12 analysts.