Qian Hu Corporation, the ornamental fish breeder and service provider, says net profit attributable to shareholders for 4Q09 ending Dec 31, 2009, rose 3.6% y-o-y to $1.8 million, bringing net profit for the full-year ending Dec 31, 2009 to $6.5 million.

Group revenue increased 4.4% to $23.9 million for the quarter and 1.7% to $94.6 million for the year, contributed by overall improvement in sales of its core ornamental fish, which grew by 2.8% to $47 million, and accessories which increased by 3.9% to $37 million. Sales from its plastics businesses declined 9.7% to $10.6 million due to lower selling prices as a result of lower raw material prices.

In FY09, the group continued to generate strong operating cash flow which rose by 24.6% to $12.2 million, contributing to net cash generated of $9.8 million, an increase of 46.9% from a year ago.

In view of the company’s continued strong cash flow generation, the directors declared a 150% rise in its first and final dividend to shareholders to 0.5 cents per ordinary share will is expected to be paid out on April 12 April. This is the highest absolute cash amount that the group has ever declared, says the Qian Hu.