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Profit of Apple supplier Foxconn declines

The strict Covid measures in China have depressed the profits of the Taiwanese Apple supplier Foxconn in the fourth quarter. The bottom line was NT$40 billion (€1.2 billion), ten percent less than in the same period last year, as the company announced on Tuesday. This puts the group, which officially trades under the name Hon Hai, within the market expectations of an average of NT$39.9 billion.

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