precision injection moulds

Hi-P International posts 26% rise in 3Q earnings to $30.7 mil on lower expenses, improved efficiencies

SINGAPORE (Nov 3): As previously guided, Hi-P International’s 3Q16 earnings have risen to $30.7 million, 26.3% up from a year ago due to “improved manufacturing efficiencies”.

To recap, the manufacturer of precision injection moulds last month issued a revised profit guidance announcement saying it expected to report a higher profit for 3Q due to “tighter cost controls, improvement in production efficiency and higher sales”, instead of a lower profit as guided in August this year.

Growth on the horizon for Fu Yu Corp after 3-year decline

Fu Yu Corp logo

SINGAPORE (Sept 21): Fu Yu Corporation says its revenue decline over the past three years will see a reversal by early FY17, after bottoming out in FY16.

The precision injection moulds and plastic parts provider explained that its gross margins have risen from 7.1% in FY11 to 16.7% in 1HFY16. In addition, it posted a positive growth in core earnings in FY14 and FY15, even as group revenue continued to slide for the past three consecutive years.

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter