China Marine Food Group Limited (CMFO) reported that its third-quarter net income was $3.23 million or $0.14 per share, compared to $2.59 million or $0.11 per share in the same quarter last year. Net revenues for the quarter were $13.39 million, compared to $11.50 million in the prior year quarter.
"Growth during the third quarter benefitted from an expanded distribution network and solid profit margins in both our business segments yielded measurable improvements in our profitability," began Pengfei Liu, CEO of China Marine. "We were pleased to report increased sales in new regions like the Sichuan area and accelerating growth in the Guangzhou and Shanghai territories, where we see enormous potential. As we bring the second phase of capacity expansion online, we anticipate a strong finish to the year and meeting our revenue and net income guidance of more than $60 million in revenues and $14.3 million in net income for our 2009 fiscal year." Liu concluded.
For the nine-month period, the company said its net income was $10.20 million or $0.44 per share, compared to $8.62 million or $0.37 per share in the comparable period of last year. Net revenues for the period rose to $44.70 million from $35.35 million in the corresponding period of the prior year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.