Foxconn sees net loss in 2012

Taiwan-based electronics manufacturer Foxconn International Holdings (2038.HKG, FW3.FRA), said it will report a net loss for 2012 on waning customer demand, Bloomberg reported. Foxconn, who makes phones for Research in Motion (RIMM.NASDAQ, RIM.TSE) and Nokia (NOK1V.HEL), also recorded lower gross profit margins citing “unfavorable” pricing conditions and increased costs, according to a filing published on the Hong Kong stock exchange by the company on Wednesday. The company may report a net loss of US$187.3 million for last year, according to analysts surveyed by Bloomberg. The loss contrasts with a 2011 net income of US$72.8 million. Foxconn’s July through December loss will be smaller than the US$266 million deficit it posted for January through June, as efficiency measures and revenues from asset disposal come into play, the firm said.