Article: Hing Yiap set to deliver bumper earnings

Kang Siew Li
New Straits Times
08-04-2008
Hing Yiap set to deliver bumper earnings
Byline: Kang Siew Li
Edition: Main/Lifestyle
Section: Business Times
Type: Company

LOCAL apparel retailer Hing Yiap Knitting Industries Bhd is set to deliver a bumper net profit for the fiscal year ended June 30, thanks mostly to streamlined operations that begun in 2005.

Chief operating officer Edwin Saw said the company is expected to post a more than 50 per cent growth in its net profit for the fiscal year just ended. Net profit for the year ended June 30 2007 was RM4.4 million on revenue of RM132.5 million.
Hing Yiap will release its 2007/2008 results this month.

However, Saw warned that it does not expect ...

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