Mr. Xinrong Zhuo, Chairman and CEO of the Company, commented, We were pleased to deliver strong operating and financial results during the third quarter of 2018.
In early January this year, we announced that Pingtan has deployed two large scaled new squid jigging vessels into the international waters of the Atlantic Ocean; after months of operation,
the two squid jigging vessels further enriched our product mix by providing Argentina squid and Peru squid products and increased harvest volume. Despite the average unit sale
price decrease due to different sales product mix and sufficient market supplies this season, Pingtan was able to achieve an increase in sales volume by 279% and an increase in…
[Read on via official release]
Source: US SEC
View full document: 8-K_for_Pingtan_Marine_Enterprise_Ltd_8-K-11-09-2018