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.
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