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.

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