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QianHu reverses from losses to net $1.7 million in earnings for FY2021

Chloe Lim
Chloe Lim • 3 min read
QianHu reverses from losses to net $1.7 million in earnings for FY2021
Qian Hu Corporation Limited, on Jan 12, announced a 218.4% increase in its earnings to $1.7 million for the FY2021
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Qian Hu Corporation, on Jan 12, announced a 218.4% increase in its earnings to $1.7 million for its FY2021 ended Dec 31, 2021, reversing from its losses of $1.5 million in the year before.

The reversal was mainly attributable to the 819.2% y-o-y surge in pre-tax profit from its fish segment, which also includes its relatively new aquaculture business. The company's original business was to rear ornamental fish.

FY2021 earnings per share (EPS) stood at 1.51 cents on a fully diluted basis, up from the loss per share of 1.28 cents in the FY2020.

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