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Hi-P 4Q earnings more than double to $59.6 mil

Samantha Chiew
Samantha Chiew2/13/2018 07:22 PM GMT+08  • 2 min read
Hi-P 4Q earnings more than double to $59.6 mil
SINGAPORE (Feb 13): Hi-P International reported 4Q17 earnings more than doubled to $59.6 million compared to $28.5 million in 4Q16.
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SINGAPORE (Feb 13): Hi-P International reported 4Q17 earnings more than doubled to $59.6 million compared to $28.5 million in 4Q16.

Revenue was 37.8% higher at $491.9 million from $356.8 million a year ago, due to higher sales volume resulting from the mass production of certain projects in the quarter.

Cost of sales increased by 34.7% to $394.6 million from $293.0 million last year.

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