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Qian Hu posts 72% rise in Q3 net profit to S$301,000
Add BT as a preferred sourceClaudia Tan HS
Published Wed, Oct 16, 2019 · 09:50 PM
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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 accessories business segments.
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