Foxconn Swings To Net Profit In 2011

Foxconn International Holdings Ltd FXCNY swung to a net profit in 2011. Foxconn posted a 2011 net profit of US$72.8 million, versus a year-ago net loss of US$218.3 million. However, analysts were expecting a net profit of US$27.6 million. Foxconn's revenue declined 4% to US$6.35 billion from US$6.63 billion.