Hi-P International Limited reported earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of SGD 244,190,000 against SGD 275,583,000 a year ago. Profit after tax was SGD 8,400,000 against loss of SGD 12,371,000 a year ago. Earnings per share were 1.04 cents against loss per share were 1.52 cents a year ago. Net asset value per share was 71.74 cents against 63.93 cents a year ago.

For the second quarter of 2017, the company expects lower revenue for second quarter of 2017 as compared to second quarter of 2016 but profit to be comparable.

For the six months of 2017, the company expects higher revenue and profit for first half of 2017 as compared to first half of 2017.

For the year 2017, the company expects similar revenue but higher profit for fiscal year of 2017 as compared to fiscal year of 2016.