Hi-P International Limited reported group earnings results for the fourth quarter and full year ended of December 31, 2016. For the quarter, the company reported revenue of SGD 356,780,000 compared to SGD 373,940,000 a year ago. Profit After Tax was SGD 28,534,000 compared to loss of SGD 47,982,000 a year ago. Earnings per Share were 3.5 cents against loss per share of 5.88 cents a year ago. Net Asset Value per Share was 71.62 cents against 68.19 cents a year ago.

For the full year, the company reported revenue of SGD 1,305,071,000 compared to SGD 1,362,577,000 a year ago. Profit After Tax was SGD 54,520,000 compared to loss of SGD 45,423,000 a year ago. Earnings per Share were 6.69 cents against loss per share of 5.56 cents a year ago. CAPEX was SGD 23.1 million. Core business generated strong positive operating cash flow of SGD 267.8 million.

For the first quarter of 2017, the group expects lower revenue as compared to first quarter of 2016. The Group expects to breakeven in quarter of 2017.

For the fiscal year 2017, The Group expects lower revenue but higher profit as compared to fiscal year 2016.