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Qian Hu swings into H1 loss, hurt by dearth of cargo flights

It posts net loss of S$525,000 as a result of the coronavirus outbreak hurting its sales

Published Fri, Jul 17, 2020 · 09:50 PM

Singapore

MAINBOARD-LISTED integrated fish service provider Qian Hu has swung into the red for the first half, with the drastic reduction of cargo flights as a result of the coronavirus outbreak hurting its sales.

It reported on Friday a net loss of S$525,000 for the six months ended June 30, 2020, reversing from its net profit of S$273,000 in the year-ago period. Its fish segment's operating profit, which was its largest profit segment a year ago, swung into a loss.