Foxconn EPS to Record Beyond NT$8.03 (US$0.27) in 2013

FoxconnFoxconn 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 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.