Qian Hu’s earnings per share increased to 0.22 cents, up from the 0.03 cents declared in the same period a year before.
The group’s gross profit came in at $12.3 million, up 4.6% y-o-y, and its gross profit margin stood at 35.1%.
Qian Hu’s fish segment saw sales increasing by 1.9% to $14.4 million, largely attributed to the stabilization of its fish exports, coupled with a wider product offering in the Aquaculture business which led to an uplift in customers’ orders.
In February, Qian Hu incorporated a 70%-owned subsidiary, Qian Hu Aquaculture, for the farming and distribution of aquaculture products, such as highly-popular marble goby fish, in Malaysia.
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In its bid to boost exports of accessories products, Qian Hu boosted the segment revenue by 2.9% to $16.7 million.
Meanwhile, its plastics segment reported flat growth of 1.7% to $4 million.
The group’s cash and cash equivalents amounted to $14.3 million.
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“Our priority is to generate healthy cash flows from everything that we do while focusing on managing risks. We remain on track to becoming a debt-free company with higher dividend
payout,” says Yap Kok Cheng, CEO of Qian Hu.
Shares in Qian Hu closed flat at 14.1 cents on July 19.
