Business

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

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

Foxconn Technology Co., Ltd.October 14, 20243
Foxconn Technology: Revenue and profit declined sharply, but gross margin improved to 10%

About this update from 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. Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

View stock analysis, news, and events for Foxconn Technology Co., Ltd.