Hot Selling FOXCONN Parts
Statement on profitability in the third quarter
Released Date: 2020-06-25 Author: FIT
It has come to the attention of the Company that some media have recently misreported that the Company recorded a loss for the nine months ended September 30, 2018, which is seriously misleading to the investors. In fact, the Company has record a profit in both the third quarter of 2018 and the first three quarters of 2018. According to the announcement published by the Company on November 13, 2018, the Company's profit from continuing operations in the third quarter of 2018 was approximately US$73.9 million and that in the first three quarters of 2018 was approximately US$181 million.
As for some media misreported that the company recorded a loss of US$1.076 million in the first three quarters of 2018, the relevant media might have misinterpreted “profits (losses) attributable to non-controlling interests” as the Company's profit. This error seriously misleads the investors because the figure is not the profit or loss attributable to the investors of the Company. In order to protect the shareholders of the Company and the investors, the Company solemnly clarifies the misinterpretation and strongly urges the relevant media to publish correction notice within 24 hours after the publication of this press release.
In view of the seriousness of the false report, the Company is now urging the relevant media to treat it seriously, correct the report immediately and stop reposting the false report. If you have any questions, please contact Mr. YANG Tsung-Han of the Company ([email protected]) as soon as possible. The Company has also instructed lawyers to conduct further investigations on this incident and may consider follow-up legal actions.