china fishery group ltd (CFG:Singapore)
china fishery group ltd (CFG) Snapshot
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Open
$0.41
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Previous Close
$0.41
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Day High
$0.41
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Day Low
$0.39
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52 Week High
06/19/12 - $0.72
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52 Week Low
04/23/13 - $0.38
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Market Cap
808.3M
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Average Volume 10 Days
1.8M
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EPS TTM
$0.06
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Shares Outstanding
2.0B
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EX-Date
02/14/13
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P/E TM
5.6x
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Dividend
$0.01
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Dividend Yield
3.77%
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China Fishery Group Limited, an investment holding company, sources, harvests, onboard-processes, and delivers fish in Hong Kong and internationally. The company manages and operates fishing vessels, and sells fish and other marine catches. It offers fish products in various forms, such as frozen whole, headed and gutted, frozen fillets, and roe and milt for wholesalers and food processors, as well as supplies fish meal and oil products for fish meal and oil distributors, and Omega-3 capsule manufacturers. The company is also involved in the provision of logistic and warehousing services for fishing industry; operation of fishmeal plant; and property holding activities. In addition, it acts as a procurement and marketing agent for fishmeal. The company operates in the People’s Republic of China, Japan, Korea, Southeast Asia, Europe, West Africa, and North and South America. China Fishery Group Limited was founded in 2001 and is headquartered in Hong Kong, Hong Kong. The company is a subsidiary of Super Investment Limited.
china fishery group ltd (CFG) Key Developments
China Fishery Group Limited reported group earnings results for the second quarter and first half ended March 28, 2013. For the quarter, the company reported revenue of $162,703,000 compared to $219,651,000 a year ago. Profit before income tax was $30,449,000 compared to $51,203,000 a year ago. Profit attributable to owners of the company was $41,889,000 or $4.09 per basic and diluted share compared to $48,171,000 or $4.71 per basic and diluted share a year ago. Net cash from operating activities was $50,005,000 compared to $15,830,000 a year ago. Purchase of property, plant and equipment was $7,104,000 compared to $34,997,000 a year ago. Group revenue decreased due primarily to lower sales contributions from Peruvian Fishmeal Operations and Contract Supply Business. EBITDA decreased by 7% from $83.9 million to $77.8 million. For the first half, the company reported revenue of $270,783,000 compared to $345,455,000 a year ago. Profit before income tax was $41,033,000 compared to $75,454,000 a year ago. Profit attributable to owners of the company was $55,518,000 or $5.43 per basic and diluted share compared to $71,968,000 or $7.04 per basic and diluted share a year ago. Net cash from operating activities was $144,067,000 compared to $60,197,000 a year ago. Purchase of property, plant and equipment was $10,809,000 compared to $54,118,000 a year ago. EBITDA decreased by 10% from $135.2 million to $122.1 million.
China Fishery Group Limited, Special/Extraordinary Shareholders Meeting, Mar 19, 2013., at 10:30 Singapore Standard Time. Location: Ballroom 1, Lobby Level. Agenda: To consider the increase of authorised share capital of the company; to consider the right issue; and to consider the acquisition of a significant equity interest in Copeinca ASA.
China Fishery Group Limited reported unaudited consolidated earnings results for the first quarter ended December 28, 2012. For the quarter, the company reported revenues of $108,080,000 compared to $125,804,000 for the same period a year ago. Profit before income tax was $10,584,000 compared to $23,951,000 for the same period a year ago. Profit for the period attributable to the owners of the company was $13,629,000 compared to $23,797,000 for the same period a year ago. Net cash provided by operating activities was $94,062,000 compared to $44,367,000 for the same period a year ago. Purchase of property, plant and equipment was $3,705,000 compared to $19,121,000 for the same period a year ago. Diluted EPS was 1.33 cents compared to 2.33 cents for the same period a year ago. EBITDA decreased by 8.8% from $51.3 million to $46.7 million, while EBITDA margin increased from 40.8% to 43.3% due to the benefits derived from the execution of the fourth LSA in November 2012.
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Industry Analysis
CFG
Industry Average
| Valuation | CFG | Industry Range |
| Price/Earnings | 5.2x |
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| Price/Sales | 0.6x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | 10.4x |
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| TEV/Sales | NM | Not Meaningful |
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To contact CHINA FISHERY GROUP LTD, please visit www.chinafisherygroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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