FUZHOU, China (AP) _ Pingtan Marine Enterprise Ltd. (PME) on Tuesday reported profit of $6.7 million in its fourth quarter.

The Fuzhou, China-based company said it had net income of 8 cents per share. Losses, adjusted for non-recurring gains, were 12 cents per share.

The ocean fishing company posted revenue of $62.8 million in the period.

For the year, the company reported a loss of $2.5 million, or 3 cents per share. Revenue was reported as $164.1 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PME at https://www.zacks.com/ap/PME

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News