Pingtan Marine Enterprise Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2019
Pingtan Marine Enterprise Ltd. - Ordinary Shares (PME)
NASDAQ:AMEX Investor Relations:
ptmarine.com
Company Research
Source: PR Newswire
FUZHOU, China, Aug. 9, 2019 /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 second quarter and six months ended June 30, 2019. Second Quarter 2019 Financial Highlights (all results are compared to prior year period)Revenue increased by 87.1% to $25.5 million from $13.6 million Gross profit increased by 33.2% to $9.3 million from $7.0 million Net income increased by 50.9% to $5.0 million from net income of $3.3 million Net income attributable to owners of the Company was $4.6 million, or $0.06 per basic and diluted share, compared to net income attributable to owners of the Company of $2.9 million, or $0.04 per basic and diluted shareManagement Comments Mr. Xinrong Zhuo, Chairman and CEO of the Company, commented, "In the second quarter of 2019, we continued to achieve overall favorable operational and financial performance. While
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