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.