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Hiap Hoe 4Q earnings surged 141.4% to $68.0 mil on higher revenue

Samantha Chiew
Samantha Chiew • 2 min read
Hiap Hoe 4Q earnings surged 141.4% to $68.0 mil on higher revenue
SINGAPORE (Feb 28): Hiap Hoe reported 4Q17 earnings increased by 141.4% to $68.0 million compared to $28.2 million in 4Q16.
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SINGAPORE (Feb 28): Hiap Hoe reported 4Q17 earnings increased by 141.4% to $68.0 million compared to $28.2 million in 4Q16.

This brings FY17 earnings to $80.5 million, 77.1% higher than $45.4 million recorded in FY16.

Revenue for the quarter saw a significant increase to $174.8 million from $19.2 million a year ago, mainly due to an increase in revenue from all the group’s business segments.

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