Mainboard-listed Hi-P International has announced a net profit of $17.9 million for the 3 months ended 31 March 2011 (1Q2011), recovering from a loss of $14.5 million in 1Q2010.
Revenue for 1Q2011 increased by 65.6% to $243.3 million compared to 1Q2010 mainly due to new projects.
The electro-mechanics manufacturing solutions provider for wireless communications and consumer electronics says it expects higher revenue and profit in 2Q2011 as compared to 2Q2010.
Tuesday, May 3, 2011
Hi-P swings back to black with net profit of $17.9m
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