Singapore's Qian Hu half-year profit up 14% as margins improve
Singapore's Qian Hu half-year profit up 14% as margins improve
Overview
Singapore ornamental fish supplier's half-year revenue rose 3.7% yr/yr
Net profit for the period increased 13.9% yr/yr
Gross profit margin improved to 36.9% from 35.5% yr/yr
Outlook
Company did not provide specific guidance for future quarters or the full yr
Result Drivers
OTHER INCOME - Increase in other income contributed to profit growth
GROSS MARGIN IMPROVEMENT - Higher gross profit margin supported overall profitability
Company press release: ID:nSN6YMdgn
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| S$36.40 mln |
|
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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