Published:
Qian Hu’s net profit down a whopping 45.5% to $12,000 in Q2
Due to lower fish sales.
Mainboard-listed integrated ornamental fish service provider Qian Hu today reported a net profit attributable to shareholders of $12,000 for the second quarter ended 30 June 2015.
This is 45.5% lower than its net profit in the same quarter last year. The decline was attributable to lower ornamental fish sales.
In Q2, ornamental fish sales were down 15.4% to $7.8 million due to the financial crisis in Greece which affected the purchasing sentiment of the group’s European customers.
In addition, fish exports to Russia had declined due to the sanctions and weaker oil prices that took a toll on the Russian economy.
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