Marine Harvest CFO: Chilean operations 'losing money'

Norwegian salmon giant Marine Harvest ended its fourth quarter with a marginally positive result in Chile, but is losing money there now, the group's CFO Ivan Vindheim (pictured left) said during last week's quarterly presentation.

“There has definitely been an oversupply in the Americas," he said.

"In practice it has killed the market. We’re currently below breaking even in Chile, also for our best products,” he said.

Going into the New Year, prices begun to rise again.

“However they’re still proving to be a challenge.