date:Apr 07, 2013
Domestic demand for tuna and squid is driving profits and expansion at one of Chinas largest offshore catch fisheries firms, which recently added new tuna-fishing vessels to its fleet. Shanghai Kaichuang Marine International Co. is predicting its profits will soar 90 percent year over year in 2012 to CNY 125 million (USD 20 million, EUR 16 million) according to earnings guidance to investors, as reported by analysts at Chinese securities houses tracking the firms stock. The firm sells tuna and