Oslo-listed salmon farmer Salmones Camanchaca reported an increase in earnings in the fourth quarter on higher sales and lower than expected costs.

Earnings before interest, taxes, depreciation and amortization (EBITDA) in the fourth quarter was $24.5 million (€21.6 million), a nearly 86 percent increase over last year's EBITDA of $13.2 million (€11.7 million).

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Operational earnings before interest and taxation (EBIT) reached an average $1.58 (€1.39)