News
TAIPEI – Foxconn’s first quarter revenue fell 12% from last year to NT$929.1 billion. Profits plunged 89% year-over-year because of supply chain disruptions in China due to Covid-19, according to reports. Net earnings were NT$2.1 billion ($70.2 million).
BROOKLYN – Cemtrex reported fiscal second quarter Advanced Technologies segment revenue decreased 11% to $6.2 million year-over-year. The decrease is attributed to the impact of the Covid-19 crisis.
WINDSOR, UK – Note has taken steps to reopen its plant here, which has been closed since the end of March and accounts for 10% of the firm’s sales.
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