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Electronics Production | May 27, 2008

Foxconn consolidated sales at<br>NT$415.1 billion in Q1/08

Foxconn has reached NT$415.1 billion in consolidated sales in the first quarter of 2008.
Additional to that Foxconn said it had reached NT$16.074 billion in after-tax earnings in Q1/08. The group was able to reached consolidated sales around NT$2 trillion in 2007 and aims at increasing this to NT$2.5 trillion in 2008, reports Cens.

As evertiq reported in February, Foxconn will buy certain Sanmina-SCI assets - such as computer related operations and logistics - in Hungary, Mexico and the USA to meet this target. Effects of the acquisition are said to be seen by the end of Q2/08.

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