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Chinese fishing giant expects loss amid poor sales under COVID-19

CNFC Overseas Fisheries anticipates a loss of $22.4m-$23.9m in 2020 as the firm encountered poor sales and product price drop after the coronavirus outbreak

By Cyrus Chan | Jan. 19, 2021 09:50 GMT
China National Fisheries Corporation (CNFC)
At Seafood Expo Global 2017. Credit: Miriam Okarimia/ Undercurrent News

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China's CNFC Overseas Fisheries anticipates a loss of CNY 145 million to 155m ($22.4m-$23.9m) in 2020 as the firm encountered poor sales and product price drop amid the coronavirus outbreak. [...]

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