Qian Hu posts 10% fall in Q3 net profit

Published Wed, Oct 15, 2014 · 10:01 AM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    QIAN Hu Corporation on Wednesday posted a 10.2 per cent fall in net profit for the third quarter, dragged down by higher costs.

    The fish farmer said net profit for the three months ended Sept 30 stood at S$79,000, down from S$88,000 a year ago.

    Revenue for the quarter slipped 0.2 per cent to S$20.5 million, but the cost of sales gained 1.9 per cent to S$14.6 million.

    Earnings per share were unchanged at 0.02 Singapore cents.

    Copyright SPH Media. All rights reserved.