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Hi-P Q2 earnings down 19% at S$12.29m

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Nisha Ramchandani

Nisha Ramchandani

Published Wed, Aug 1, 2018 · 09:50 PM
Hi-P International

Singapore

CONSUMER electronics manufacturer Hi-P International recorded a near 19 per cent drop in net profit to S$12.29 million for the second quarter ended 30 June as the cost of sales escalated.

This was despite revenue rising 8 per cent to S$302 million on the back of an increase in sales volume.

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