PINGTAN MARINE ENTERPRISE REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2021
Pingtan Marine Enterprise Ltd. - Ordinary Shares (PME)
NASDAQ:AMEX Investor Relations:
ptmarine.com
Company Research
Source: PR Newswire
Company to Hold Conference Call on Wednesday, May 18, 2022, at 8:30 AM ETFUZHOU, China, May 17, 2022 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME) ("Pingtan" or the "Company"), a fishing company based in the People's Republic of China (PRC), today announced financial results for its fourth quarter and fiscal year ended December 31, 2021.Fourth Quarter 2021 Financial Highlights (Year over Year Comparison)Revenue was $62.8 million, representing a 102.5% year-over-year increase.Gross loss was $7.4 million, compared to gross loss of $12.0 million, and gross loss margin was 11.8%, compared to gross loss margin of 38.7%.Net income attributable to owners of the Company was $6.7 million, or $0.08 per basic and diluted share, compared to net loss attributable to owners of the Company of $79.7 million, or $(1.00) per basic and diluted share.2021 Financial Highlights (Year over Year Comparison)Revenue was $164.1 million, representing an 88.1% year-over-year increase.Gross loss was
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