Chilean salmon producer Salmones Camanchaca posted a seven fold increase in third quarter earnings before interest, taxes, depreciation and amortization (EBITDA) to $25.6 million (€24.6 million), led by higher prices and a close to 24 percent increase in sales volumes.
Operating revenue in the quarter climbed to $95.9 million (€92.2 million), a near 46 percent increase from the same quarter last year.
Atlantic salmon harvest volumes in totaled 14,326 metric tons, 51 percent higher than the same quarter a year earlier, which was affected by algae blooms in the Renihue and Comau fjords earlier last year.
"After two complex years, with a pandemic and a period of great drought and sunnier summer in Patagonia, today we once again register results consistent with the capabilities of Salmones Camanchaca," vice chairman Ricardo Garcia said.
Garcia noted that the results were in-line with the 2018-2019 harvest year.
There were no coho salmon harvests during the third quarter.
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