Chilean salmon farmer Nova Austral's third quarter earnings sank into the red as costs piled up over legal services and biological challenges.

The group posted losses before interest, tax, depreciation and amortization of $8.7 million (€7.3 million) down from a positive result of $4.7 million (€3.9 million) for the same period last year.

Revenues, on the other hand, increased 26 percent year-on-year to $39.7 million (€33.4