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AquaChile Profits Increased in First Half of 2014

05 September 2014

CHILE - In the first half of 2014, AquaChile recorded an EBITDA of $54 million. Sales in the first half totaled $398 million, representing an increase of 16 per cent over the same period last year.

As reported to the Superintendency of Securities and Insurance (SVS) in the first half of 2014, AquaChile experienced a net income of $6 million, which is explained by increases in export prices and a reduction in production costs.

In the first half, the company's EBITDA before revaluation adjustments to fair value biomass, reached $54 million, a result that is in line with the improvements in their production rates from the third quarter of 2013. With this, the company has accumulated a EBITDA of $72 million in the last twelve months.

Sales in the first half totaled $398 million, representing an increase of 16 per cent over the same period last year.

In terms of volume, harvests of salmon and trout in 2014 reached 53,000 tons WFE and tilapia harvests were 10,000 tons WFE.

In the current scenario of lower growth in supply, prices have remained good and it is hoped that this trend will continue for the coming months.

TheFishSite News Desk



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