Wistron lowers its 2004 financial forecast from pre-tax profits to loss
Aug 30, 2004
Wistron announced a drastic adjustment in its financial projection for this year, with its pre-tax profit goal of NT$1.773 billion changing to a forecasted loss of NT$829 million .
The shift from profitability to loss is due to decreased operating profits, losses from non-operating investments and an estimated loss of NT$1.1 billion from disposing of its production base in Subic Bay, the Philippines, Wistron indicated.
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