Foxconn warns of increased H1 losses
Electronics maker Foxconn International warned late on Tuesday that it expected its first-half losses to increase from the same period a year ago due to weaker pricing and higher depreciation expenses.
The warning comes at a time when Foxconn and its parent company, Taiwan's Hon Hai Precision Industry Co., are struggling with a wave of labor unrest in China's southeastern industrial hub, where increasingly assertive migrant workers are demanding better conditions and higher wages.
For statement click: http://www.hkexnews.hk/listedco/listconews/sehk/20100629/LTN20100629655.pdf
(Reporting by Sui-Lee Wee, Editing by Jonathan Hopfner)
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