qian hu corp ltd (QIAN) Snapshot

Qian Hu Corporation Limited reported group earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of SGD 20,213,000 compared with SGD 20,574,000 for the same period last year. Results from operating activities were SGD 230,000 compared with SGD 743,000 for the same period last year. Profit before tax was SGD 159,000 compared with SGD 592,000 for the same period last year. Profit for the period attributable to Equity holders of the Company was SGD 62,000 compared with SGD 523,000 for the same period last year. Net cash from operating activities was SGD 604,088,000 compared with net cash used in operating activities of SGD 114,670,000 for the same period last year. Net cash from operating activities in 2012 mainly due to conscientious effort made in realizing the inventory and trade receivables balances into cash during the current quarter. EBITDA was SGD 783,000 compared with SGD 1,471,000 for the same period last year.

Qian Hu Corporation Limited announced that they will report Q1, 2013 results on Apr 15, 2013

Qian Hu Corporation Limited announced earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenue of SGD 19,829,000 compared to SGD 19,316,000 a year ago. Profit before tax was SGD 140,000 compared to SGD 473,000 a year ago. Net loss was SGD 49,000 compared to net profit of SGD 886,000 a year ago. For the year, the company reported revenue of SGD 84,443,000 compared to SGD 88,341,000 a year ago. Loss before tax was SGD 8,683,000 compared to profit before tax of SGD 4,151,000 a year ago. Net loss was SGD 9,137,000 compared to net profit of SGD 3,466,000 a year ago. The Directors proposed a final dividend of 0.2 cents per ordinary share, which if approved by shareholders at Annual General Meeting to be held on March 15, 2013, will be paid out on April 12, 2013. In addition, the special dividend of 0.5 cents per ordinary share declared arising from the disposal of Kim Kang, is expected to be paid out in October 2013, after the second tranche of cash consideration of $877,500 is received.