The finances of Chilean salmon producer Nova Austral remain in a perilous state, but expected higher harvests in 2023 give some reason for hope, the company said during is third quarter earnings presentation.

The group, backed by private equity giant Altor, posted another quarter of losses, even as rivals around the globe continued to rake in big earnings from strong salmon prices.

The price levels were reflected in Nova Austral's third-quarter revenues, which increased 56 percent year over year to $24.9