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Electronics Production | November 10, 2008

Foxconn increase sales despite tuff ecomomic environment

During October month the Hon Hai group which owns EMS provider Foxconn has posted an Un-Audited Monthly Sales.

Although macro environment still plagued by the general lack of transparency result from the sub-prime crisis, yet Hon Hai still continue to see not only opportunities in outsourcing and consolidation of supply chain, but also the seasonality effect. Hon Hai reports a non-consolidated un-audited sales. Single month amount increased YoY 29.13% to NT$ 169.378 billion. The accumulated un-audited sales of its first ten months in 2008 increased YoY 27.47% to NT$ 1.215 trillion.
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