FUZHOU, China (AP) _ Pingtan Marine Enterprise Ltd. (PME) on Monday reported first-quarter net income of $7.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Fuzhou, China-based company said it had net income of 10 cents.
The ocean fishing company posted revenue of $17.3 million in the period.
In the final minutes of trading on Monday, the company's shares hit $1.05. A year ago, they were trading at $2.19.