Industrial fishing company China Fishery Group said group revenue declined marginally by 3.2% from US$104.8 million ($148 million) to US$101.4 million for the first quarter of the financial year ending 28 September 2010 (1QFY2010).
The group’s trawling operations achieved an increase of 18.2% in revenue from US$74.6 million to US$88.2 million due mainly to increased catch from un-utilised fishing quota from previous quarters.