Qian Hu Q4 earnings up three times to S$126,000 on better margins

Singapore

ORNAMENTAL fish service provider Qian Hu Corporation on Friday said its fourth-quarter net profit more than tripled from a year ago, driven in part by a stronger profit margin and a change in contribution from non-controlling interests.

It posted a net profit for the three months ended Dec 31, 2017 of S$126,000, up from S$36,000 a year ago. Earnings per share stood at 0.11 Singapore cent, up from 0.03 Singapore cent in the year-ago period.

Net profit attributable to owners of the firm is also impacted by fluctuations due to the non-controlling interests in Qian Hu subsidiaries in Indonesia a…