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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
Add BT as a preferred sourcePublished Fri, Oct 16, 2015 · 09:50 PM
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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 operating profits from its ornamental-fish and plastics segments outweighed an earnings tumble in its accessories segment.
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