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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. 

Company Quote

0.64
0.0050 +0.79%
24 Jul 2014