Fish profits recovering for Qian Hu
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Emerging-market optimism dashed by Fed as currencies, bonds sink
LHN warns H1 2024 net profit could decline by 28.6%
iPhone maker Hon Hai’s April sales rise 19% in positive signal
Worsening weather is igniting a US$25 billion market
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules