Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Farmed salmon. (Photo: Los Fiordos)

Aquaculture segment boosts Agrosuper’s profits

  (CHILE, 8/26/2016)

The aquaculture segment boosted profits that Agrosuper Group, composed of Agrosuper S.A. and its subsidiaries, obtained in the first half of this year, according to the latest report of its consolidated financial statements.

Agrosuper explained that between January and June, it obtained a profit of CLP 69,622 million (USD 103 million), a result that is 13.2 per cent higher than in the same period of 2015 due to higher operating income in the aquaculture segment.

In this period, the return on assets was 8.2 per cent and consolidated EBITDA margin on sales reached 16.3 per cent.

"The developments implemented in our value chain, focused on improving our competitive position, coupled with market conditions for protein producers and marketers allowed us to continue to execute the business profitability strategy and the firm’s financial strengthening", the group explained in the report sent to the Superintendency of Securities and Insurance (SVS).

In the first half of this year, the company presented profits -- before tax -- of CLP 89,363 million (USD 132 million), indicating a performance of 15.7 per cent higher than in the same period of 2015.

"This improvement in the result is mainly explained by better operating results achieved in the aquaculture segment (as a result in part of the positive impact on fair value due to rising international prices for Atlantic salmon), and partly offset by normalizing results in the meat segment," stated Agrosuper.

Meanwhile, revenues from sales of the meat segment increased 2.1 per cent and the income before taxes fell 16.1 per cent over the first half of last year.

The company said that "moderation in sales prices together with increased costs (as a result of specific increases in grain prices) explained the decline by 5 percentage points of the EBITDA margin on sales compared to the same period last year".

The aquaculture segment includes production, processing, distribution and marketing of products based on Pacific and Atlantic salmon, both in the domestic market and in exports. This is carried out under the Super Salmon brand.

This business process is vertically integrated from egg production to marketing its products in the domestic and international markets through the extensive distribution chain that Agrosuper has.

[email protected]
www.seafood.media


Information of the company:
Address: Camino la Estrella N°401, of. 7, Sector Punta de Cortes
City: Rancagua
Country: Chile
Phone: +56 72 201 000
Fax: +56 72 201 000
E-Mail: [email protected]
More about:


Location:

View Larger Map


Approval / Accreditation / Certified / Oversight by...
HACCP  ISO   Kosher  UKAS  E.U.  USDA/USDC & FDA  RF (Russia)  BRC (British Retail Consortium) 
SENASA 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Wärtsilä’s Interim Report January–September 2024
Viet Uc Seafood: Raising the Standard for Vietnamese Shrimp
The Seafood Council launches the 'Godfisk' campaign with Haaland
Seafood New Zealand: 'Fisheries And Aquaculture – So Much In Common'
High Liner Foods Opens the Market in Celebration of their 125th Anniversary
From Expansion to Sustainability: Companies of Schwarz Group at Expo Real 2024
Sushiro is celebrating its 41st year by being 'straight to sushi!'
This year's first 'Saba Nouveau' mackerel is launched again in Japan
Falkland celebrates Patagonian Toothfish Month
Kura Sushi's largest store ever to open at the 2025 Osaka Kansai Expo!
Nissui's new ship 'Daihachi Koyo Maru' for Tokai Fisheries
ACEL Group enters into a historic double contract with Artec Aqua
China launches 1st wind power-fish to withstand typhoons
Türkiye in the Crosshairs
The Chinese organization that operates squid in South America has a new transport
Imenco Unveils New Multi-Camera Solution for Fish Welfare
DMEGC Solar supplies 940MW of modules for the Aquaculture-PV project
Cooke USA celebrates 20 years in Maine
The Laxey salmon grow-out project on track
The future solution for good biosecurity in aquaculture
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
VARPE Releases Strategic Report on Russian Fish Export Markets
Russia Fed. The global fish market is undergoing significant adjustments, according to German Zverev, President of the All-Russian Association of Fishery Industrialists (VARPE). The association has conducted an ...
FAO Introduces Cutting-Edge Technologies to Enhance Resilience in Sri Lanka's Fisheries with Norwegian Funding
Sri Lanka With support from the Norwegian government, the Food and Agriculture Organization of the United Nations (FAO) has launched an initiative to bolster resilience and sustainability in Sri Lanka’s fis...
OPINION: Chinese fishing threatens Peru’s maritime sovereignty
Peru The Peruvian navy has officially placed itself at the feet of China's commercial interests. Giant squid was once an abundant marine resource and a cheap source of protein in Peru. The story is long, ...
Expectations for the Start of the Shrimp Fishery in the Waters of the Province of Chubut
Argentina Yesterday, the survey to monitor the status of the shrimp resource in Chubut waters began, with a commercial fleet of twenty vessels: 16 from the yellow fleet and 4 artisanal vessels.   This ...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER