date:Mar 28, 2014
cing, said Lina Choi, a Moody's VP and senior analyst. China Fishery has decided not to continue the arrangements of pre-paying for purchases from Russian vessels and financing part of the working capital of the suppliers.
Moody's also studied China Fishery's performance in 2013, and estimated that the company will lose annual earnings before interest, taxes, dividends and acquisitions (EBITDA) of about USD 176 million (EUR 127.9million), which accounted for 72 percent of total EBITDA in 2013.