Qian Hu's Q1 earnings down 2.6% at S$112,000

Its revenue inches up 0.3% to S$20.8m from S$20.7m

Mindy Tan

Published Thu, Apr 16, 2015 · 09:50 PM

Singapore

INTEGRATED ornamental fish service provider Qian Hu Corporation posted a net profit of S$112,000 for the first quarter of FY2015, down 2.6 per cent compared with S$115,000 a year ago.

Revenue inched up 0.3 per cent to S$20.8 million from S$20.7 million.

For the quarter under review, the sales performance of the group's ornamental fish segment dipped 1.1 per cent to S$9.03 million from S$9.13 million. Its accessories segment saw a marginal increase of 1.3 per cent to S$9.02 million due to a different sales mix and better performance of its proprietary brands of innovative products. Qian Hu's plastics segment reported a gradual resumption of demand following the stabilisation of selling prices in the market and posted a 2.1 pe…