Qian Hu's Q1 profit down 2.6% to S$112,000

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.

"All of our core businesses are growing steadily, even as we continue to transform and position Qian Hu as an innovative ornamental fish company, focusing on cutting-edge product developments in filtration, fish nutrition and genetic breeding of unique Dragon Fish," said Kenny Yap, Qian Hu's executive chairman and managing director.

"We believe that by strengthening our fundamentals and cash generation capabilities, Qian Hu is on track to being more resilient and sustainable in an increasingly challenging business environment."