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Hi-P International Ltd Comments On Q3 2013 Profit Guidance; Comments On H2 2013 Guidance

Friday, 25 Oct 2013 05:55am EDT 

Hi-P International Ltd announced that for third quarter of 2013, it expects to report a similar profit as compared to third quarter of 2012, instead of a higher profit as previously guided. This is mainly due to the Group expecting an inventory provision of approximately SGD4.4 million in third quarter of 2013 as a result of a decrease in orders from one of its existing customers. For second half of 2013, it expects to report higher revenue but lower profit as compared to first half of 2013. 

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24 Jul 2014