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Qian Hu Q2 earnings lifted by tax credit

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Published Tue, Jul 19, 2016 · 09:50 PM

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Qian Hu Corp

Singapore

NET profit for ornamental fish retailer Qian Hu Corporation rose 25 per cent year-on-year to S$15,000 for the second quarter ended June 30, 2016.

This was helped by a tax credit of S$49,000, against a tax expense of S$44,000 previously. This relates to recognition of tax effect of previously unrecognised tax losses.

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