Chilean salmon farmer Salmones Camanchaca reported an increase in its fourth-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) and revenue, despite lower harvesting volumes.
The company reported a revenue of $107.6 million (€96 million) and EBITDA of $17.6 million (€15.7 million), up from $65.4 million (€58.4 million) and a negative $8.8 million (€ 7.8 million) respectively during the same quarter last year. The increase was partly driven by increased salmon prices.
During the quarter, Camanchaca harvested 15,002 metric tons of Atlantic salmon at an average weight of 4.5
