Pingtan Marine: 4Q Earnings Snapshot
FUZHOU, China (AP) _ Pingtan Marine Enterprise Ltd. (PME) on Monday reported a loss of $1 million in its fourth quarter.
The Fuzhou, China-based company said it had a loss of 1 cent per share. Earnings, adjusted for asset impairment costs, came to 4 cents per share.
The ocean fishing company posted revenue of $34.6 million in the period.
For the year, the company reported profit of $5.7 million, or 7 cents per share. Revenue was reported as $89.6 million.
In the final minutes of trading on Monday, the company’s shares hit $1.13. A year ago, they were trading at $2.38.