UPDATE: Pingtan Marine Enterprise (PME) Reports Q1 EPS of $0.10
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Pingtan Marine Enterprise Reports Financial Results for the First Quarter Ended March 31, 2020
May 11, 2020 5:00 PM EDTFUZHOU, China, May 11, 2020 /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 financial results for its first quarter ended March 31, 2020.
First Quarter 2020 Financial Highlights (Year-on-Year Comparisons)
Revenue decreased by 6.1% to $17.3 million from $18.4 million. Gross profit increased by 41.0% to $5.8 million from $4.1 million. Net income was $8.42 million, compared to net loss of $1.97 million. Net income attributable to owners of the... More