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AquaChile Reports Increase in Cumulative Sales

Lucy Towers
06 December 2013, at 12:00am

CHILE - During the first nine months of the year, AquaChile Chile reported sales of 88,000 gross tons of salmon and trout and 19,000 of tilapia.

Cumulative sales, up to 30 September reached $535 million, representing an increase of 52 per cent compared to the same period of 2012.

This was mainly due to the increase in sales volumes of all species and the increase in the selling price of Atlantic salmon and trout.

The company reported that in the first nine months of the year, EBITDA was $-34.7 million as a result of a decrease in margins of cultivated species, especially Atlantic salmon and trout, lower performance at some farms and lower export prices of Pacific salmon and tilapia, compared to the same period of 2012.

However, the company also reported that during the third quarter there was productive improvement, a reduction in raw material costs and an increase in biomass and feed conversion.