TAIPEI -- Foxconn Electronics reported non-consolidated January revenues of $2.77 billion, down 12.1% year-over-year and 24.4% from December.

The company cited the date of the Chinese New Year, which came in January instead of February this year, as a factor.

Separately, the chairman of Hon Hai (Foxconn's trading name) said the world's largest EMS/ODM will remain profitable this year.

"We need to look at the longer term rather than quarter by quarter," chairman Terry Gou said, as reported by Reuters. "We definitely won't lose money this year."

However, Guo did not specify if he was speaking about Hon Hai Precision Industry or its parent, Hon Hai Group, Reuters noted.

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