Qian Hu swings into H1 loss, hurt by dearth of cargo flights
It posts net loss of S$525,000 as a result of the coronavirus outbreak hurting its sales
Singapore
MAINBOARD-LISTED integrated fish service provider Qian Hu has swung into the red for the first half, with the drastic reduction of cargo flights as a result of the coronavirus outbreak hurting its sales.
It reported on Friday a net loss of S$525,000 for the six months ended June 30, 2020, reversing from its net profit of S$273,000 in the year-ago period. Its fish segment's operating profit, which was its largest profit segment a year ago, swung into a loss.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism