Denmark-based feed giant BioMar increased its revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) during the second quarter, helped by increases in sales to Turkey and China.
The company reported revenue of DKK 4.1 billion ($550 million/$600 million) and an EBITDA of DKK 266 million ($35 million/$38 million) during the quarter, corresponding to an increase of 3 percent and 2 percent, respectively, compared to the same period the year prior.
However, the total volume of feed sold during the quarter fell slightly, partly driven by a decrease in shipments to Chile, the world's second largest salmon farming nation.
