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Qian Hu back in black in H1 with net profit of S$856,500
MAINBOARD-LISTED Qian Hu Corporation returned to profitability in the financial first half ended June 30, with net profit of S$856,500, compared to a loss of S$525,237 in the year-ago period, the integrated fish service provider announced in a results filing on Friday after market close.This came on the back of a 19.5 per cent rise in revenue to S$39.7 million, with a sustained recovery in its ornamental fish and aquaculture business, said Qian Hu. Sales of aquarium and pet accessories have reached pre-pandemic levels, it added.
Earnings per share for the six-month period were 0.75 Singapore cent, compared to a loss per share of 0.46 cent in the year-ago period. No dividend was recommended.
The segment with the most revenue growth was fish exports, rising 29.5 per cent to S$15.4 million with the lifting of border restrictions and the gradual resumption of air traffic.
Qian Hu is looking to strengthen and expand its domestic distribution network in each of its export hubs in Singapore, Malaysia, Thailand and China, to mitigate the risks of future supply chain disruptions.
The accessories segment rose 22.4 per cent to S$20.5 million. But plastics fell 16.7 per cent to S$3.8 million, due to the loss of a major customer since May 2020, said Qian Hu.
Qian Hu chief executive officer Yap Kok Cheng said: " Moving forward into the second half of FY2021, Qian Hu will continue its expansion plan as we expect to experience more normalcy."
Qian Hu expects revenue to grow and profitability to be maintained in its financial second half, he added.
Qian Hu shares closed up S$0.02 or 9.76 per cent at S$0.225 on Friday before the results release.
story not convincing. From ornamatal fish to plastic to eatable fish.
No pple interested in this stock that why
samudra ( Date: 15-Jan-2018 16:26) Posted:
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where got fly, may be worst drown. Now price already down
guards80 ( Date: 13-Jan-2018 11:07) Posted:
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No sound at all...
Qian Hu will go CD from tomorrow onwards till April sia...4 month going CD.
Wa...How sure? Don' t make me excited leh...
guards80 ( Date: 13-Jan-2018 11:07) Posted:
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Qian Hu' s FY17 earnings quadruple to $0.33 mil declares 0.2 cent dividend
By:
PC Lee
SINGAPORE (Jan 12): Qian Hu Corp, the integrated ornamental fish service provider, reported 4Q17 earnings more than tripled to $126,000 from $36,000 a year ago as its Fish division reversed into the black.
Group revenue for the quarter held steady at $22.0 million.
Sales from the Fish division grew by 9.2% to $8.7 million predominantly due to the improved export performance at its hubs in Singapore, Malaysia, Thailand and Indonesia, as sales of Dragon fish grew in tandem with other ornamental fish. The division reported an operating profit $243,000 compared to a loss a year ago.
Revenue from Accessories dipped 6.7% to $10.5 million due to the loss of sales from the delay in the shipment of products to certain overseas customers as a result of a change in import regulations. Operating profit from Accessories more than doubled to $411,000.
Qian Hu says the orders will only be delivered subsequently in FY18 after sorting out the import documentations.
For the full year, the group posted higher earnings of $329,000 on a 9.1% rise in revenue to $87.8 million.
As at Dec 31, the group&rsquo s cash and cash equivalents stood at $11.1 million.
Kenny Yap, Qian Hu&rsquo s Executive Chairman and Managing Director, says in a short space of time, its aquaculture business has contributed positively to the group&rsquo s revenue and earnings since 3Q17.
In addition, the group has started the breeding and farming of shrimp in Nov 2017 after it had incorporated another company in Hainan &ndash Tian Tian Fisheries (Hainan) Co.
This new subsidiary, which is 60% owned by the group, will be exporting edible fish and seafood from Hainan to Southeast Asia while importing other edible fish and seafood from the rest of the world into China.
In the longer term, the group intends to be a fully-integrated aquaculture farm that is able to capture the entire value chain of edible fish/seafood &mdash from breeding to farming, and to the table.
Qian Hu has proposed a first and final dividend of 0.2 cent subject to approval at the next Annual General Meeting to be held on March 28.
Shares in Qian Hu closed at 23 cents on Friday.
monday this stock will fly
Dividend Details
| Payment Type | Tax Exempted (1-tier) |
| Gross Rate (Per Share) | SGD 0.002 |
| Net Rate (Per Share) | SGD 0.002 |
| Pay Date | 25/04/2018 |
| Gross Rate Status | Actual Rate |
Where' s the comment fdrom tigtag?
Not too sure how will the market react sia....30cents or 18 cents?
FY2017 nice result
The boss is a decent man. But the industry nobody will be interested at.
chinton86 ( Date: 25-Dec-2017 10:08) Posted:
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Isn' t the company generating profit now? Coupled with increasing share price? Why don' t average down?
yeah..struk shit
samudra ( Date: 11-Dec-2017 12:39) Posted:
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This counter seems like a pipe of money waiting to burst.
any counter that cannot made good profit will not abled to attract buyers or investors. this counter those invested got their money struck
chinton86 ( Date: 26-Nov-2017 09:42) Posted:
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i tried when the price is much lower...
U tested already ?
chinton86 ( Date: 10-Dec-2017 11:14) Posted:
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