Fish profits recovering for Qian Hu
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CONTINUED recovery in dragon fish revenue boosted ornamental fish seller Qian Hu Corporation's results for its first quarter ended March 31, 2014.
Net profit was up 86 per cent at $115,000 from a year ago. Revenue rose 2.4 per cent to $20.7 million.
Qian Hu was hit by an oversupply of the mass market variety of the auspicious dragon fish in 2012. Since the first half of 2013, prices have stabilised, the company noted. It managed to sell more dragon fish since the second half of 2013 mainly to North-east Asia, especially China.
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