Multiexport's production decreased 29.4% in the third quarter

According with a 3Q 2009 press release submitted by the company, for the trimester, production was 3,423 tons (WFE) a 78.0% decrease on the same period in 2008.

The company's total income was USD 43.0 million in the third quarter of 2009, compared to USD 62.5 million in the same period in 2008, representing a 31.1% decrease. As of September, the company reports operating revenues of USD 132.8 million compared to USD 160.2 million in the first nine months of the last year. Besides, Multiexport's EBITDA was USD 0.7 million in 3Q 2009, compared to the USD -12.4 million in 3Q 2008.

On the other hand, the company showed a loss of USD -3.1 million in 3Q 2009, compared to the USD -29.4 million in the same period of 2008. This loss is mainly explained by the sales of frozen inventory products from facilities affected by the ISA virus, which were harvested early and stored during 2008; the seaweed bloom that affected a significant part of the inventory of live Atlantic salmon in the 11th Region (Aysén), which was penalized based on a preliminary estimate of losses from the associated mortality; and the elimination provisions for freshwater breeding excess product (safety margins), and market test from market to harvest during the fourth trimester.