trending Market Intelligence /marketintelligence/en/news-insights/trending/DxLXm_J15LU-_Fc7hyx3pQ2 content esgSubNav
In This List

Qian Hu swings to loss in Q2

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Qian Hu swings to loss in Q2

Qian Hu Corp. Ltd. said its normalized net income for the second quarter amounted to a loss of S$48,490, compared with income of S$7,880 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 0.3% from 0.0% in the year-earlier period.

Total revenue declined on an annual basis to S$19.1 million from S$20.0 million, and total operating expenses decreased from the prior-year period to S$19.0 million from S$19.9 million.

Reported net income totaled S$15,000, or 0 cents per share, compared to S$12,000, or 0 cents per share, in the prior-year period.

As of July 19, US$1 was equivalent to S$1.35.