Oslo-listed salmon farmer Salmones Camanchaca reported a decrease in earnings in the fourth quarter due.
Earnings before interest, taxes, depreciation and amortization (EBITDA) in the first quarter was $17.4 million (€21.6 million), a 6.1 percent decrease from last year's EBITDA of $18.5 million (€16.5 million).
Operational earnings before interest and taxation (EBIT) reached an average $1.30 (€1) per kilo during the quarter, up 3.8 percent from last year due to increased efficiency and lower distribution costs, the company said.
"EBIT results show a business that grows around 10 percent in terms of company-farmed sales," said Ricardo Garcia, vice chairman of Salmones Camanchaca.
