Qian Hu posts 87.7% fall in H1 profit on higher costs
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Qian Hu, an integrated fish service provider in Singapore, reported an 87.7% decline in net profit for H1, totaling S$30,729, down from S$250,532 a year earlier. Earnings per share fell to S$0.0003 from S$0.0022. The company cited global economic uncertainty, rising operational costs, and geopolitical challenges as reasons for the drop. Revenue remained stable at S$35.1 million. No interim dividend will be paid as the company aims to conserve cash. The stock closed flat at S$0.151 before the announcement.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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