#foxconn

#foxconn

Foxconn's net profit rose 11% in the third quarter due to improved margins despite a drop in revenue from consumer electronics and cloud and networking equipment.

Net profit for the three months ended Sept. 30 was 43.13 billion new Taiwan dollars ($1.33 billion), beating analyst estimates of NT$34.89 billion. [ more ]

The Ministry of Labor in India is investigating Foxconn for allegedly not hiring married women at its plant due to discriminatory reasons. [ more ]