Foxconn International shares slide after worst-ever first-half loss
Home page > News

Foxconn International shares slide after worst-ever first-half loss

www.reuters.com   | 28.08.2012.

HONG KONG (Reuters) - Shares of Foxconn International Holdings Ltd (FIH) , the world's biggest contract maker of cellphones, fell 3.5 percent on Tuesday after it posted its worst-ever first-half net loss due to dismal orders.
Foxconn International shares slide after worst-ever first-half loss

The stock was set to open down 3.5 percent at HK$2.78, underperforming the Hang Seng Index's .HSI 0.4 percent loss.

FIH on Monday blamed its poor earnings on sluggish orders from key clients such as Nokia Oyj (NOK1V.HE) as a global economic slowdown takes a toll.

(Reporting By Lee Chyen Yee; Editing by Anne Marie Roantree)


Comments (0) Add Your comment Add news < Previous news Next news >






  Add your news >>>