Singapore Exporter Sees Five Fold Rise In Profits

Search
Directory

NEWS

Singapore exporter sees five-fold rise in profits
3rd October 2018

By Sandra Pearce

Higher revenue and better margins yielded from the sales of its dragonfish and ornamental fish export business boosted results for Singapore’s Qian Hu Corporation in its second quarter.

Net profit leapt more than five-fold to S$146,000 (£82,000) from the previous year, reports The Business Times.

For the three months ended June 30, revenue crept up 1% to S$21m (£12m) from the previous year.