Finance

Camanchaca hammered by algal blooms in Q1, dives to $7.4 million loss

The algal blooms that blighted the company in March and April ultimately cost it $12.1 million and a biomass loss of 3,700 metric tons.

'The incidents of harmful algae blooms in the Renihue and Comau fjords had severe implications for operations during the quarter and combined with the repercussion of the Islotes incident last year and overall weak market conditions due to the COVID-19 pandemic, earnings were heavily impacted during the quarter,' said Salmones Camanchaca Vice Chairman Ricardo Garcia.
'The incidents of harmful algae blooms in the Renihue and Comau fjords had severe implications for operations during the quarter and combined with the repercussion of the Islotes incident last year and overall weak market conditions due to the COVID-19 pandemic, earnings were heavily impacted during the quarter,' said Salmones Camanchaca Vice Chairman Ricardo Garcia.Foto: Anders Furuset
Published 13 May 2021, 08:35Updated 14 May 2021, 07:19
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