Hi-P releases revenue guidance for Q4 on back of unexpected demand drop

The group remains profitable despite the decline.

Hi-P has released a revenue guidance for the fourth quarter, reversing its initial forecast of a year-on-year revenue growth.

“The Group reports lower revenue in 4Q2014 as compared to 4Q2013, but higher revenue in 4Q2014 as compared to 3Q2014. The variance between our previous forecast and the unaudited actual revenue in 4Q2014 was mainly due to demand drop from certain customers and lower than forecasted yields on certain new products during the production ramp-up,” stated Hi-P.

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