Singapore
MAINBOARD-LISTED integrated fish service provider Qian Hu reported on Wednesday a 72 per cent year-on-year increase in net profit for the third quarter ended Sept 30 on the back of improved margins from the aquaculture business.
It posted a net profit of S$301,000 compared to S$175,000 in the year-ago period. This was achieved despite a 10.2 per cent drop in revenue to S$19.2 million from S$21.4 million. The lower revenue was a result of poorer sales recorded in the group's core fish and...