Losses mount among Chile’s leading salmon-farming firms

Three of Chile’s largest seafood farming operators have posted their third-quarter results for 2020. Chilean salmon farming company Nova Austral’s revenues increased 26% to $39.7 million but cost of goods sold outpaced the revenue increase, increasing by 32 percent year-over-year to $37.3 million. Salmones Austral saw revenues dip 14% to $45.8 million and Multiexport Foods posted a loss of $12.2 million.

Source: SeaFoodSource