Qian Hu Bounces Into Robust Profit

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Qian Hu bounces into robust profit
2nd January 2018

By Sandra Pearce

Singaporean ornamental fish exporter Qian Hu Corporation has recorded its strongest results with a S$142,000 (£79,400) net profit for its third quarter ended Sept 30, 2017. This was up from S$5,000 (£2,800) a year ago.

Revenue was up 14% to S$22.5m, from S$19.6m a year ago, due to growth across all its business segments of fish, accessories and plastics. Operating profit increased substantially in percentage terms.

“We are pleased that our new business of edible fish farming in Hainan has contributed to the group's earnings so soon after its commencement, despite the initial start-up expenses,” executive chairman Kenny Yap told the Business Times.