trending Market Intelligence /marketintelligence/en/news-insights/trending/ttBJYdhDGDr8KUXxPqbzFA2 content esgSubNav
In This List

Pingtan Marine Enterprise Q2 profit falls YOY


Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally


IR In Focus | Episode 1 - Digital Innovation to Drive Investor Engagement

The Cobalt Expansion Drive Is A Copper Story


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Pingtan Marine Enterprise Q2 profit falls YOY

Pingtan Marine Enterprise Ltd. said its normalized net income for the second quarter amounted to $84,750, a fall of 99.1% from $9.3 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 0.6% from 16.3% in the year-earlier period.

Total revenue declined 73.2% year over year to $15.3 million from $56.9 million, and total operating expenses decreased 64.0% from the prior-year period to $14.7 million from $40.8 million.

Reported net income came to a loss of $1.5 million, or a loss of 2 cents per share, compared to income of $14.8 million, or 19 cents per share, in the prior-year period.