Aquatic Foods revenues fall

Aquatic Foods Group's unaudited revenue for the year ended 31 December decreased by 5.2%, or RMB 50.9m to RMB 927.8m, compared with RMB978.7m in 2015.

Q4 showed revenue was up by 31.7%, 38.5% and 25.3% compared with the first, second and third quarters respectively, reflecting in part the seasonal strength of the quarter.

Sales volume for the year ended 31 December increased marginally by 1.3% compared with 2015, with the lower average prices obtained in 2016 being reflected in the headline revenue.

The group said quarterly sales volumes during 2016 remained fairly consistent at around 5,100 tonnes with the exception of Q4 volume of 6,600 tonnes.

At 9:51am: (LON:AFG) Aquatic Foods Group Plc share price was -2p at 12.5p