Peruvian fishing and processing company Pesquera Exalmar reported an 41 percent drop in second quarter 2020 earnings before interest, taxes, depreciation and amortization (EBITDA) after expected harvests were vastly reduced by the shortened anchovy fishing season at the start of 2020.

EBITDA came in at $21.8 million (€18.6 million), down from $37.2 million (€31.7 million) a year earlier.

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The early abandonment of the second anchovy season in north central waters in January helped drag sales down by 37 percent to $92.8