Qian Hu’s performance follows a $2.0 million impairment loss incurred as revenue from Asian Arowana – a certain species of Dragon Fish which it has expertise in producing – was affected by lower production yields and declining selling prices.
Integrated fish services provider Qian Hu has reported losses of $1.45 million for FY2020 ended Dec 31, 2020, a 257.9% plunge from the $920,000 earnings it reported in the year before.
This translates to a net loss per share of 1.28 cents and a net asset value of 43.81 cents at the end of FY2020, the group reported on Jan 12. In contrast, it had reported earnings per share of 0.81 cents and a net asset value of 45.71 cents at the end of FY2019.
