Hi-P's Q2 profits surged 98% to $15.1m

Catching up to its smartphone and IoT segments, it expands production.

Industrial manufacturing firm Hi-P International (Hi-P)’s profits rose 98% to $15.1m. In a report by DBS Equity Research, revenue also rose 2% to $279.5m, indicating business stability.

Its executive chairman and chief executive officer Yao Hsiao Tung also now owns an 83% stake in the company after acquiring 22% from Molex International in June.

Hi-P also boosted its production and is expected to focus on its Suzhou plant to prepare for new orders from customers.

According to DBS analyst Lee Keng Ling, “To ensure the long-term sustainability of Hi-P, the group has placed succession planning as a top priority and is nurturing talented individuals within the organization. In the near term, Hi-P hopes to reveal the next generation of leadership to lead the group forward.”

The company declared an interim distribution per share (DPS) of 19 cents.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia