Blumar Seafoods EBITDA up by 280 percent

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One of Chile’s largest industrial salmon farmers, Blumar Seafoods,has had an incredible first half in 2017, according to Chilean news site Aqua.cl.

The good results are explained by the high salmon prices, according to the company, writes Aqua.cl.

“The adjustment in the supply of Atlantic salmon, as a consequence of the algal bloom, occurred at the beginning of the year. That explains a lot of the increase,” writes the company in its report, according to Aqua.cl.

Their EBIT, EBITDA and net income showed an increase of 521 percent, 208 percent, and 20 percent, respectively, compared to same period last year.

Blumar Seafoods is a Chilean company dedicatead to aquaculture with 48 concessions along the Chilean coast.