Corporate digest

Qian Hu

QIAN HU reported a 61.6 per cent year-on-year increase in net profit for the second quarter ended June 30, on the back of higher net handling income.

The mainboard-listed integrated fish service provider posted a Q2 net profit of S$236,000, compared to S$146,000 in the corresponding period a year ago. This was achieved despite a 12.5 per cent decline in revenue to S$19.2 million from S$21.9 million. Lower revenue was a result of poorer sales in all the business segments - fish, accessories and plastics.