Net sales decreased by 6.6% for Foxconn
Comparing the first nine months of 2009 with the same period in 2008, net sales decreased by 6.6% for Hon Hai (Foxconn) to NT$ 977.9 billion; Net income improved by 1.9% to NT$ 46.6 billion.
"Despite the general uncertainty and a so-called challenging environment, under the back drop of an increase weighting in company’s consumer electronics business, the quarterly unconsolidated results were as expected and remain seasonal," said Foxconn's spokesperson Edmund C.A. Ding.
"Furthermore, we are especially proud with our accomplishments in market share gaining which in maximizing our shareholders’ value and in promoting and assuring social and environmental responsibility as a priority in a total supply chain initiative. Aside from being a recognized EICC member, we determine to continue revolutionize the manufacturing services providing industry by not only strive for the best speed, quality, engineering services, efficiency and value-added, but also enforce social and environmental responsibility standard to maximize our stakeholders’ long term value at the same time."
Comparing the first nine months of 2009 with the same period in 2008, net sales decreased by 6.6% to NT$ 977.9 billion; Net income improved by 1.9% to NT$ 46.6 billion.
Looking forward, on the competitive advantage front, while steadfastly expanding the eCMMS coverage in mechanical, optical and electrical integration, and leveraging the overall platform’s after sales services and channel synergy, Company had also paced up its effort to unearth huge hidden wealth from intangibles through more aggressive legal efforts.
On the industry trend front, the Company not only had greatly extended its capabilities by invest heavily into software, but also expands its unique "Share the Platform" Muster and Alliance program; calling out to ever expanding groups of worldwide peers who embrace the grand vision of making comfort of electronic products usage an attainable reality for all mankind. Together with these partners, Company expects to further raise the bar of its legendary ability to support and uncompromising commitment to customers.
Nine Months Ended September 30, 2009 Compared to Nine Months Ended September 30, 2008:
Net sales decreased 6.6% to NT$ 977.9 billion
Gross profit dropped 3.4% to NT$ 42.6 billion
Gross profit margin eased slightly to 4.7% from 4.2%
Net income increased 1.9% to NT$ 46.6 billion
Net margin up to 4.8% from 4.4%
"Furthermore, we are especially proud with our accomplishments in market share gaining which in maximizing our shareholders’ value and in promoting and assuring social and environmental responsibility as a priority in a total supply chain initiative. Aside from being a recognized EICC member, we determine to continue revolutionize the manufacturing services providing industry by not only strive for the best speed, quality, engineering services, efficiency and value-added, but also enforce social and environmental responsibility standard to maximize our stakeholders’ long term value at the same time."
Comparing the first nine months of 2009 with the same period in 2008, net sales decreased by 6.6% to NT$ 977.9 billion; Net income improved by 1.9% to NT$ 46.6 billion.
Looking forward, on the competitive advantage front, while steadfastly expanding the eCMMS coverage in mechanical, optical and electrical integration, and leveraging the overall platform’s after sales services and channel synergy, Company had also paced up its effort to unearth huge hidden wealth from intangibles through more aggressive legal efforts.
On the industry trend front, the Company not only had greatly extended its capabilities by invest heavily into software, but also expands its unique "Share the Platform" Muster and Alliance program; calling out to ever expanding groups of worldwide peers who embrace the grand vision of making comfort of electronic products usage an attainable reality for all mankind. Together with these partners, Company expects to further raise the bar of its legendary ability to support and uncompromising commitment to customers.
Nine Months Ended September 30, 2009 Compared to Nine Months Ended September 30, 2008:
Net sales decreased 6.6% to NT$ 977.9 billion
Gross profit dropped 3.4% to NT$ 42.6 billion
Gross profit margin eased slightly to 4.7% from 4.2%
Net income increased 1.9% to NT$ 46.6 billion
Net margin up to 4.8% from 4.4%
Legal Notice
This article has been edited and published by Evertiq New Media AB. Copying or re-publishing of this news item without permission from Evertiq New Media AB may lead to prosecution. The same applies for the headline.
This article has been edited and published by Evertiq New Media AB. Copying or re-publishing of this news item without permission from Evertiq New Media AB may lead to prosecution. The same applies for the headline.
Sales stagnate at Schweizer Electronic
Despite a seasonally weaker fourth quarter Schweizer Electronic AG was able to keep their annual sales stable at 105.4 million Euro compared to the previous year and within expectations.
Exclusive Interview
'Europe is still a growth opportunity'
What is Europe to an independent distributor like America II? A growth opportunity of course.
Endicott partners with Eltek in Israel
Endicott Interconnect Technologies, Inc. has appointed Eltek as its sales partner for Israel.
More News
- Goepel enters into partnership with nanoX
- Nokia Update: Hungary takes heavy hit
- Nokia to shift device assembly to Asia - cut 4,000 jobs
- Cliff Electronics wins US counterfeit case
- Fabrinet Q2 net income drops 310% YOY
- TRaC expands test facilities
- Cms electronics uses Assembléon’s equipment
- Korean defense manufacturers fined for cartel
- The end for Nokia's Salo factory?
- Indian joint venture aims at hi-tech cluster
- Es-system to light Aarhus Harbour
- Incap signs solar deal
- GPV moves into medical electronics
- Balda shareholder Octavian suffers loss at court
- Teardown: Samsung cuts LTE cost in half
- Teleplan to provide After-Market Service solution for Lenovo
- Matti Paasila resigns from Cencorp's Board of Directors
- Is 2012 a recession year?
- Fineline distributes FTG
- Carcinogens found at Samsung factory
- CT Production invests in AOI technology
- Printca is bankrupt
- Mitsubishi Motors ends vehicle production in Western Europe
- RiverSide Electronics purchases new SMT equipment
- Micron CEO dies in plane crash
- Torsten Pelzer heads Viscom Sales
- Huawei opens unit in Hungary
- Rohde & Schwarz and Hameg Instruments consolidate cooperation
- Inside the Asus AMD 7970 graphics card
- AU Optronics & Idemitsu Kosan collaborate
- Kimball complete Welsh & Californian closures in 2Q
- Bosch plans new Romanian factory
- Dynamic EMS invests in test equipment
- Thales Australia axes 50 jobs
- Sales down for Benchmark in 4Q
- Viscom sells Desktop AOI to Mosca Elektronik
- De'Longhi & Bosch add staff in Romania
- Xenterio close down in Offenburg
- Mikron acquires IMA Automation Berlin
- EMS: M&A activity down in 2011






Comments
Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.