Detail akcie China Marine online

Business Summary: China Marine Food Group Ltd. is a food and beverage manufacturer. The Company operates as a seafood processor, a distributor of seafood products, as well as a wholesaler of fresh marine catch. The Company's dried and processed seafood products include dried prawns, dried squids, dried file fish, roasted prawns, shredded roasted squids, roasted squids, roasted file fish, roasted sea eels and other seafood items. Its dried processed seafood is primarily sold under the Mingxiang brand name. The dried processed seafood products are primarily sold to distributors in Fujian and Zhejiang provinces, who in turn distribute them to supermarkets and retailers, including convenient store chains across the provinces. The Company's frozen processed seafood products include frozen Japanese butter fish, frozen octopus and frozen squid rings. The products are sold directly to wholesalers within the People's Republic of China and overseas. It also offers Hi-Power branded algae-based soft drinks.
Financial Summary: BRIEF: For the six months ended 30 June 2013, China Marine Food Group Ltd revenues decreased 36% to $48.8M. Net loss decreased 32% to $2.5M. Revenues reflect Marine catch segment decrease of 76% to $9.4M, The PRC segment decrease of 19% to $48.8M, Asia segment decrease from $1M to $0K. Lower net loss reflects Sales and marketing decrease of 11% to $11.8M (expense), Stock-based compensation decrease from $667K (expense) to $0K.