Aqua Chile increased its sales of Tilapia

Between July and September 2013, 6,485 tons AquaChile Tilapia sold, representing an increase of 21% over the same period in 2012, when it sold 5,359 tons.
Meanwhile, between January and September this year, the company sold 19,185 tons, 17% more than in the third quarter of 2012 (16,335 tonnes).

AquaChile out that production in Costa Rica shows an increase in the cost of raw materials mainly due to the rise in the price of food. This increased conversion factor associated with the rains, which have caused increased turbidity of the water is added.

In Panama, the production is starting to show better costs than last year, thanks to improved production performance by the best fish genetics.
According to the financial report submitted to the Superintendency of Securities and Insurance (SVS), the company posted returns of USD 18.6 million in the third quarter, a result which represents an increase of 16% compared to the same period in 2012, Tilapia when sold for USD 16 million.

In the first nine months of this year, AquaChile Tilapia sold for $ 55.6 million, reflecting an increase of 16% over the same period last year ($ 48 million).

“The business of tilapia grew revenue by 16%, equivalent to USD 7.6 million compared to the same period of 2012, driven by a 17% increase in sales volume of 2,851 tons. Which was offset by a 1% decrease in the sale price”He said the company in its report.

The cumulative EBTDA indicates a loss of $ 1.5 million, mainly associated with lower performance Aquapanamá.

AquaChile noted that although during 2013 Aquapanamá has improved its production performance and costs over the same period of 2012, still remains in commissioning period.

SOURCE: Fis.com