Hi-P International Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of SGD 281,096,000 against SGD 244,190,000 a year ago. Profit before tax was SGD 12,102,000 against SGD 11,873,000 a year ago. Profit for the period was SGD 10,074,000 against SGD 8,400,000 a year ago. Profit attributable to owners of the company was SGD 10,085,000 against SGD 8,402,000 a year ago. Net cash flows generated from operating activities was SGD 68,068,000 against SGD 104,301,000 a year ago. Purchase of property, plant and equipment was SGD 13,002,000 against SGD 7,296,000 a year ago. Earnings per ordinary share based on a fully diluted basis were 1.24 cents against 1.04 cents a year ago. CAPEX amounted to SGD 12.5 million. The group's revenue increased by 15.1% year-on-year, mainly due to higher sales volume for first quarter of 2018 as compared to first quarter of 2017.

For the second quarter of 2018, the company expects similar revenue but lower profit for second quarter of 2018 as compared to second quarter of 2017.

For the second half of 2018, the company expects higher revenue and profit for second half of 2018 as compared to first half of 2018.

For the year 2018, the company expects similar revenue but lower profit for the year 2018 as compared to 2017.