Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Foxconn 2008 Profits to Decline Dramatically

Sohu IT, 1/20/09

Consumer electronics outsourced manufacturing firm Foxconn Technology Group (2038.HK; 2354.TW) has announced that it anticipates a sharp year-on-year decline in profits for the quarter ending December 31, 2008.

The company's board of directors believes the decline in profits came about mainly as a result of changes to its product portfolio and the overall global economic decline. The group's relocation of some of its plants and its global reorganization also led to a rise in operating costs.

Keywords: 2038.HK 2354.TW consumer electronics Foxconn hardware contract manufacturer profit


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports