Pleasant margin surprise from Hi-P; COO resignation calls for concern

SINGAPORE (Feb 19): Hi-P on Feb 13 reported that its 4Q17 earnings more than doubled to $59.6 million y-o-y, which brought FY17 earnings to $121.5 million, 122.8% higher y-o-y.

Revenue jumped 37.8% y-o-y to $491.9 million, due to higher sales volume resulting from the mass production of certain projects in the quarter, which brought gross profit to $97.2 million, 52.4% higher y-o-y.