date:Aug 26, 2013
One of Chinas leading tuna fishing firms, Shanghai Kaichuang Marine International today disclosed net profits of CNY 65.4 million (USD 10.7 million, EUR 8 million) for the first half of 2013, a year-on-year drop of 34 percent. Revenues at CNY 422.2 million (USD 69 million, EUR 51.5 million) were up 5.6 percent year-on-year. The deepwater specialist firm blamed higher operating costs for its lower profitability.
Kaichuangs operating costs of CNY 401 million (USD 65.5 million, EUR 48.9 million),