However, this was mitigated by the resumption of airfreight capacity since June 2022 and reopening of borders during the year, which helped to boost the Group’s aquaculture exports.
Mainboard-listed integrated fish service provider Qian Hu Corporation has reported net profit attributable to shareholders for FY2022 ended December of $1.4 million, down 18.6% y-o-y.
This was on the back of a 5.9% decline in Group revenue to $75.3 million, impacted by the Russia-Ukraine conflict and geopolitical landscape which dampened demand for its fish segment, and China’s zero-Covid-19 policy, which hampered its accessories business.
