PERU fishing with guts to report…
AquaChile SA reported that its sales in the third quarter of this year reached USD 157.9 million, 17.5% less than the same period last year when earned USD 191.4 million.
Revenues from sale of finished goods Atlantic Salmon decreased 14%, the Pacific Salmon 99%, while 21% Trout and Tilapia, 27%.
The company stressed that these losses were partially offset by increased sales in the United States by the subsidiary AquaChile Inc. finished product companies Friosur and Ventisqueros.
Prior to revaluation adjustments to fair value EBITDA was $ 2.5 million, a result which represented a positive development with respect to the same quarter of 2013, when it reported a negative EBITDA at USD 1.6 million. This improvement was attributed to reduced costs for Atlantic salmon and trout, added to the price increase of salmonids.
The operational costs of the company decreased by 20% in the third quarter as a result of lower sales volume and lower selling costs Atlantic Salmon and Trout.
Whereas the first three quarters, AquaChile obtained consolidated USD 555.5 million, an amount that represents an increase of 4% over the same period in 2013 (USD 535.5 million) sales.
The company attributed the growth mainly to higher volumes and selling prices for all species.
According to the financial statement sent by the fishing to the Superintendency of Securities and Insurance (SVS) in the first nine months of 2014 EBITDA prior to revaluation adjustments to fair value of biomass was USD 56.7 million.
This result is explained by an improvement in margins of cultivated species, especially Atlantic Salmon and Trout, compared to the same period last year.
With this, AquaChile accumulated an EBITDA of USD 76 million in the last 12 months.
On the other hand, in terms of volume, crops Salmon and Trout 2014 reached 68,000 gross tons. And Tilapia harvests totaled 15,000 tonnes.
During the first nine months, the export price was favorable for all species: Trout value increased by 38%; the Pacific Salmon, 35%; and Atlantic Salmon, 13%.
In addition, financial debt during the third quarter of this year totaled USD 267 million, ie 3.5% less than in the same period of 2013 (USD 276.6 million).
SOURCE: Fis.com
