Qian Hu reports $1.45 mil in losses for FY2020; focuses on core strengths and longer-term prospects in FY2021

Integrated fish services provider Qian Hu has reported losses of $1.45 million for FY2020 ended Dec 31, 2020, a 257.9% plunge from the $920,000 earnings it reported in the year before.

This translates to a net loss per share of 1.28 cents and a net asset value of 43.81 cents at the end of FY2020, the group reported on Jan 12. In contrast, it had reported earnings per share of 0.81 cents and a net asset value of 45.71 cents at the end of FY2019.