Foxconn Technology Co., Ltd.TWSE: 2354

Foxconn Technology: Revenue and profit declined sharply, but gross margin improved to 10%

· Issued by Foxconn Technology Co., Ltd.

Revenue fell 44% year-over-year to NT$22.36 billion, with net profit down 20% to NT$1.71 billion. Gross margin improved to 10%, but cash flow and liquidity declined due to heavy investment outflows.

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