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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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