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Hi-P turns around with S$8.4m Q1 profit despite revenue fall

Better product mix and operational efficiency cited; "other expenses" 54.8% lower

Published Thu, May 4, 2017 · 09:50 PM
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Singapore

MANUFACTURER of consumer electronics Hi-P International has reversed from a S$12.4 million net loss a year ago to register a net profit of S$8.4 million for the three months ended March 31, 2017.

This comes even as it saw an 11.4 per cent drop in revenue to S$244.2 million.

Details of its first-quarter results were released on Thursday. No divi…

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