HI-P

HI-P: Raked in a strong set of results which was largely in-line, as net profit came in at $10.9m versus a net loss of $2.1m y/y, while revenue at $285m (+13%). Strong top-line was largely on back of increased orders by existing customers, while gross margins improved to 10% versus 6% y/y due to a positive shift in product mix. Going forward, HI-P expects to record higher revenue and profit FY13 vs FY12.