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Qian Hu's Q2 profit up 25% to S$15,000

NET profit for ornamental fish group Qian Hu Corporation rose 25 per cent to S$15,000 from S$12,000 a year ago in the second quarter ended June 30, 2016, said the company in a Singapore Exchange filing on Tuesday.

This was despite revenue for the three months ending June 30 falling 4.6 per cent year-on-year to S$19.1 million, due to lower sales across its ornamental fish, accessories and plastics segments.

Earnings per share held at 0.01 Singapore cent for the quarter, the same as in Q2 2015.

Net asset value per share as at June 30 was 44.15 Singapore cents, dipping slightly from 44.31 Singapore cents as at Dec 31.

The counter last traded at 10.6 Singapore cents on July 15.