TAIPEI -- Foxconn Electronics (Hon Hai) reported fourth-quarter consolidated net profits of NT$21.5 billion ($750.7 million) on revenues of NT$952.1 billion ($33.2 billion).

Gross margin for the period ended Dec. 31 slipped 0.1% sequentially to 7.9%.

For the year ended Dec. 31, consolidated revenues rose 53.3% year-over-year to NT$2.99 trillion ($103.7 billion). Consolidated net profits were up 1.94% to NT$77.15 billion ($2.69 billion). Gross margins fell 1.37 percentage points to 8.15% on higher labor and material costs.

Foxconn is the world's largest supplier of contract printed circuit board assembly services, and a top 10 supplier of PCB fabrication and connectors.

Ed.: 1 NT = 0.0348675 USD

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