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SEE: Qian Hu corporation sees new leader after 20 years
The group has declared a first and final dividend of 0.2 cents per share, which upon approval at its annual general meeting, will be paid out on Apr 26. This is down from the 0.3 cents per share paid out in FY2019. Looking ahead, Yap says the group remains focused on its core strengths and the longer-term prospects of its business. “The key to the Group’s success lies in our continuing ability to seize long-term opportunities and correctly identify the initiatives and investments that bring value to our stakeholders. Barring unforeseen circumstances, the Group expects to grow its revenue while achieving profitability in FY2021,” he stressed. Yap believes that the group’s aquaculture business – which is many times bigger than its core ornamental fish segment – will generate sustainable long-term growth. Aside from this, he says the group will continue to invest in R&D to improve the product quality and reach of its accessories segment. As for its plastic segment, Yap is looking to strengthen its presence on the e-commerce market as these materials are used as packaging for courier and online deliveries.