Foxconn EPS will be NT$8.03 (US$0.27) in 2013

Foxconn's january to April 2013 revenues were seen by many as how Foxconn, the contract manufacturer for Tech Giant Apple, sees itself now. With an heightened confidence, Foxconn is expecting its sales to gain momentum in the second half of 2013, with an improvement in the product mix completed in the first half.

Foxconn, a leading manufacturer of computer components and systems, is expecting its EPS (Earning Per Share) record to grow beyond NT$8.03 (US$0.27, recorded in 2012) in the second half of 2013. Foxconn has seen its revenue growth from 13.1% to NT$3.45 trillion in 2012. Foxconn is confident in achieving the new highs as there has been an improvement in the product mix completion in the first half of 2013.

Foxconn has plans to spin off more of its business units in the next few years after the planned separation of its connector manufacturing units, the Network Interconnection Business Group (NWInG). The NWInG will be named Foxconn Interconnect Technology (FIT) and is likely to be listed on the Taiwan Stock Exchange (TSE) at the end of 2013.

Foxconn is planning to list two more subsidiaries within next two years, including the Tainjin-based CNTouch, which manufacture carbon Nano-tubes for touch applications, sensors, cables and LED lighting products along with a subsidiary which manufacture glues and tapes.

It will be interesting to See Foxconn growth under an improvement in the product mix and ambitious goals. --------

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