Chilean salmon producer Salmones Austral said first quarter earnings before interest, taxes depreciation and amortization fell almost 35 percent from a year earlier to $10.5 million (€9.6 million) because of lower fish prices and higher costs.

First quarter revenues totaled $56.9 million (€51.7 million), down 4.2 percent despite the company posting a 2.2 percent increase in volume sales to 10,300 metric tons.