Peruvian fishing and processing company Pesquera Exalmar posted a 70 percent increase in fourth quarter earnings before interest, taxes, depreciation and amortization (EBITDA), helped by higher catches and favorable fishmeal and fish oil prices.
EBITDA came in at $117 million (€102.3 million), up from $69 million (€60.1 million) a year earlier.
Sales climbed 46 percent, to $397 million (€346 million) as the company processed 19 percent more fish (865,800 metric tons) than in the same quarter a year earlier.
The second anchovy season in Peru's key north-central waters ended on Jan. 15 with 99 percent of the 2.047 million metric-ton quota landed.
Exalmar's quota share of that total was 16.6 percent, or 339,802 metric tons.
The company's vessels landed 100 percent of this.