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Qian Hu’s 2Q profit up 5.1% as sales rise to $23.3 million (18 Jul 11)

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  • Revenue: +2.7% (2Q11), +3.3% (1H11)
  • Net Profit: +5.1% (2Q09), -15.1% (1H11)
  • Press Release: Improved performance of Ornamental Fish segment contributed towards a 40.2% jump in operating profit year-on-year
  • Directors expect the second half of FY11 to remain profitable
  • Outlook: The Group's business model remains robust and is diversified.
  • The Group will continue to build a resilient balance sheet, work steadily on generating and maintaining a strong cash flow from operating activities and on reducing its bank borrowings.
  • Barring any unforeseen circumstances, the Group expects to remain profitable in the 2nd half of 2011, despite possible fluctuations in its operating profit from quarter to quarter.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2011 24,154 23,349
2010 23,237 22,734 22,953 22,239 91,163
2009 23,152 23,718 23,874 23,867 94,611
2008 23,014
23,576 23,613 22,859 93,062
2007 21,981 22,428 22,688 24,623 91,720
2006 18,139 18,289 18,970 20,713 76,111
2005 16,328 15,642 15,997 18,300 66,267
2004 NA NA 15,709 15,524 65,492
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total

2011 1,008 998
2010 1,412 950 1,213 634 4,209
2009 1,399 1,663 1,683 1,799 6,544
2008 1,266 1,508 1,533 1,736 6,043
2007 947 1,155 1,268 1,578 4,948
2006 522 594 632 869 2,617
2005 471 480 543 536 2,030
2004 NA NA (682) 146 1,627
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Dividends

FY Interim Final Special (SGD)
2011 NA
2010 NA 0.005 NA
2009 NA 0.005 NA
2008 NA 0.002 NA
2007 NA NA 0.07 (Interim)
2006 NA 0.006 NA
2005 NA 0.005 NA
2004 NA 0.006 NA
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Bonus / Rights / Stock Split

Date Type Details

2007-08-16 Rights 4RS1WT/2SH OFFER OF 2 FOR 1 @ $0.035
2004-02-16 Bonus OFFER OF 1 FOR 5
2002-03-04 Bonus OFFER OF 1 FOR 10
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Share Data (SGD)

NAV = $0.1582
EPS = $0.0044 (6M FY11)
Diluted EPS = $0.0044 (6M FY11)
No of Shares = 454,106,350



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