Hi-P International Limited Provides Earnings Guidance for the First Quarter and Second Half and Full Year of 2019; Announces Impairment for the Fourth Quarter Ended 31 December 2018
For the first quarter of 2019, the company group expects similar revenue and lower profit for first quarter of 2019 as compared to first quarter of 2018.
For the second half of 2019, the company group expects higher revenue and profit for second half 2019 as compared to first half of 2019.
For the fourth quarter ended 31 December 2018, the company reported impairment loss on property, plant and equipment of SGD 7,508,000 and property, plant and equipment written off of SGD 766,000.