Hi-P International Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter, Second Half and Full Year of Fiscal 2017; Reports Property, Plant and Equipment Written Off for the Third Ended September 30, 2017
For the nine months, the company reported revenue of SGD 935,048,000 against SGD 948,291,000 a year ago. Profit before tax was SGD 76,180,000 against SGD 36,351,000 a year ago. Profit for the period attributable to owners of the company was SGD 61,871,000 or 7.64 cents diluted per share against SGD 25,989,000 or 3.18 cents diluted per share a year ago. Net cash flows generated from operating activities was SGD 192,806,000 against SGD 151,575,000 a year ago. Purchase of property, plant and equipment was SGD 24,901,000 against SGD 48,028,000 a year ago.
For the quarter, the company reported property, plant and equipment written off of SGD 17,000.
The company expects higher revenue and profit for fourth quarter of 2017 as compared to fourth quarter of 2016 and third quarter of 2017.
The company expects higher revenue and profit in the second half of 2017 as compared to first half of 2017.
The company expects higher revenue and profit for fiscal 2017 as compared to fiscal 2016.