Corporate digest
Hi-P International
THE net profit of contract manufacturer Hi-P fell 3.3 per cent to S$24.2 million for H1 FY2020 ended June, even as its revenue for the period fell 5.1 per cent to S$543.8 million due to the impact of the Covid-19 pandemic.
The blow was cushioned by a 61.4 per cent rise in other income, from subsidies granted to the company. Losses arising from the share of results of associates als…
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try