Hi-P International reported a 3.3% dip in earnings for 1H20 ended June to $24.2 million, from $25.0 million a year ago.

This translates to earnings per share (EPS) to 3 cents, down 3.8% from the 3.12 cents during the same period last year.

Revenue declined 5.1% y-o-y to $543.8 million mainly due to the Covid-19 disruptions in 1Q20 ended March. Hi-P says the decline was cushioned by higher turnover for 2Q20 ended June.

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