Chilean seafood group Blumar posted a more than threefold increase in first quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) on sharply higher salmon prices and increased fishmeal and fish oil sales.

EBITDA came in at $29.9 million (€27.8 million) compared with $9.4 million (€8.7 million) a year earlier as average salmon prices climbed 58 percent over last year.

Group sales for the opening three months of the year were 11 percent higher at $147.8