The still operating Peruvian arms of the beleaguered China Fishery Group fell deeper into the red during the first half of 2020, predominantly due to high fixed costs of production plant and fleet, and the accrual of interest expenses amounting to $48.5 million (€40.8 million).

Based on unaudited management accounts, CFG Investment S.A.C and Corporacion Pesquera Inca S.A.C. recorded a combined loss before tax of $78.5