Peruvian fishing company Pesquera Exalmar reported a 36 percent decline in third quarter earnings before interest, taxes, depreciation and amortization (EBITDA) from a year earlier as lower catches pulled away revenue.
EBITDA slipped to $54.4 million (€48.8 million) from $84.7 million (€75.9 million) in the same period of 2018.
This came despite a 2 percent increase in sales to $219.7 million (€197.1 million).
While sales of fish for human consumption climbed 365 percent during the period, sales of raw material to the feed and other industries fell 5 percent.
The company's full year results will include catches from a total quota of around 3.9 million metric tons, combining the second fishing season of 2018 and the first fishing season of 2019.