Foxconn International Expects To Narrow Loss
July 21 2011 - 9:32AM
Dow Jones News
Contract handset manufacturer Foxconn International Holdings
Ltd. (2038.HK) said Thursday it expects to report a significantly
narrower loss for the first half from a year earlier, due mainly to
a reduction in impairment loss and improved gross profit
margins.
Foxconn International, which makes mobile phones for companies
such as Motorola Solutions Inc. (MSI) and Nokia Corp. (NOK), posted
a net loss of US$142.6 million for the six months ended June 30,
2010, wider than the net loss of US$18.7 million in the
corresponding period of 2009.
Foxconn is a unit of Hon Hai Precision Industry Co. (2317.TW),
the world's largest contract electronics maker by revenue and
producer of many Apple Inc. (AAPL) products.
-By Hong Kong Bureau, Dow Jones Newswires; 852-2802-7002;
djnews.hk@dowjones.com
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