Pingtan Marine Enterprise (PME) Misses Q1 EPS Views

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Go back to Pingtan Marine Enterprise (PME) Misses Q1 EPS Views

Pingtan Marine Enterprise Reports Financial Results for the First Quarter Ended March 31, 2015

May 11, 2015 4:06 PM EDT

FUZHOU, China, May 11, 2015 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan," or the "Company") a global fishing company based in the People's Republic of China (PRC), today announced its unaudited financial results the first quarter ended March 31, 2015.

Recent Significant Factors Affecting Pingtan's Results of Operation

As previously disclosed, the Indonesian government introduced a moratorium on issuing new fishing licenses and renewals so that the country's Ministry of Maritime Affairs and Fisheries ("MMAF") could monitor the operations of existing fleets and to fight illegal fishing... More