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Chinese state-owned tuna giant forecasts $5m-plus loss in Q3

China’s CNFC Overseas Fisheries forecast a loss of CNY 29-34 million, or $5.3m-$6.4m, in the third quarter of 2021 due to the impact of COVID and a decline in tuna catches

By Undercurrent News | Oct. 14, 2021 15:36 BST
China National Fisheries Corporation (CNFC)
At Seafood Expo Global 2017. Credit: Miriam Okarimia/ Undercurrent News
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Reporting by Lewis Hu

China’s CNFC Overseas Fisheries forecast a loss of CNY 29-34 million ($5.3m-$6.4m) in the third quarter of 2021 due to the impact of COVID and a decline in tuna catches, the company said in a securities filing [...]

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