Hi-P International Limited reaffirmed earnings guidance for the first quarter of 2017. In the company's unaudited financial results announcement for the fourth quarter ended 31 December 2016 made on 23 February 2017, the company guided its performance inter alia, as follows: The group expects lower revenue in the first quarter of 2017 as compared to the first quarter of 2016. The group expects to breakeven in the first quarter of 2017. Based on a preliminary review of the unaudited financial results of the group for the first quarter of 2017, the board of directors of the company informed as follows: The group expects to be profitable in the first quarter of 2017, instead of breakeven as previously guided, mainly due to improvement in operational efficiency and cost management.