Brief: Foxconn Says All Major Factories In China Resumed Normal Production

FIH Mobile

15/05/2020 07:43

May 15 (Reuters) - Foxconn  2317.TW :
    * SAYS  SEES RECOVERY IN BUSINESS IN SECOND QUARTER, BUT
DEMAND
FOR SMARTPHONES STILL UNCLEAR
    * SAYS SEES DECLINE OF MORE THAN 15% Y/Y IN REVENUE FOR
CONSUMER
ELECTRONIC PRODUCTS IN Q2
    * SAYS  SEES Y/Y REVENUE GROWTH OF MORE THAN 10% IN Q2 FOR
ENTERPRISE PRODUCTS
    * SAYS  ALL MAJOR FACTORIES IN CHINA HAVE RESUMED NORMAL
OPERATIONS
    * SAYS  MOST FACTORIES IN MEXICO REMAIN IN OPERATION
    * SAYS ESTIMATED COSTS RELATED TO CORONAVIRUS OUTBREAK IN Q1
WERE
MORE THAN T$10 BILLION
    * SAYS CUSTOMERS AND GOVERNMENT WILL HELP IN COVERING COSTS
RELATED TO CORONAVIRUS
    * SAYS SEES ANNUAL GROWTH OF MORE THAN 15% IN Q2 FOR
PRODUCTS
RELATED TO TELECOMMUTING, ONLINE ENTERTAINMENT

Further company coverage:  2317.TW 

 (Reporting by Ben Blanchard)
 ((ben.blanchard@thomsonreuters.com;))