SUBSCRIBERS

Higher margins lift Qian Hu's Q3 profit

Firm's earnings rise 17.7%; revenue falls 12.8%, which it blames on uncertainties in eurozone

Published Fri, Oct 16, 2015 · 09:50 PM

Singapore

HIGHER margins for its fish exports and the stabilisation of plastics prices helped lift third-quarter earnings of ornamental fish retailer Qian Hu despite a drop in turnover.

Net profit for the three months ended Sept 30 jumped 17.7 per cent from the previous year to S$93,000, the group said in a Singapore Exchange filing on Friday. Higher operat…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes