Pingtan Marine Enterprise (PME) Reports Q2 EPS of $0.04

Pingtan Marine Enterprise (NASDAQ: PME) reported Q2 EPS of $0.04. Revenue for the quarter came in at $13.6 million.

Mr. Xinrong Zhuo, Chairman and CEO of the Company, commented, "In the second quarter 2018, our overall financial results declined compared to the same period last year. On the one hand, five of our large-scale vessels were sent to shipyard for maintenance; on the other hand, both the sale volume and the unit selling price dropped for this quarter, especially the prices of species with high added value, which were significantly lower than last year. Once the vessels that were sent to shipyard complete maintenance and are put into operation, which should be by the end of this year, along with the addition of the anticipated operation of the 27 rebuilt new vessels, the Company expects that there will be a significant increase in both fishing capacity and sale volume."

For earnings history and earnings-related data on Pingtan Marine Enterprise (PME) click here.

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