Hi-P International now expects higher, not lower, profit for Q3
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MOULD maker Hi-P International on Wednesday issued a revised profit guidance announcement for its Q3 2016 results.
It now expects to report a higher year-on-year profit for the quarter, instead of a lower profit as previously guided in August.
"The difference between our previous expectation and the unaudited profit in Q3 2016 is mainly due to tighter cost controls, improvement in production efficiency and higher sales," said Hi-P International.
Its full results will be announced before the opening of trading on Nov 4.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
