2013-08-16 08:05:04 -
The first fishing season ended with good catch results. Biomass and
oceanographic conditions are back to normal.
At the end of the first half year 2013, Copeinca reached an EBITDA of USD 11.7
million, USD 47.0 million lower than the USD 58.7 million reached over the same
period last year, and an EBITDA margin of 21.5% in H1'13 down from 34.9% in
H1'12. Such significant decrease is mainly explained by the late start of the
season as well as by the small quota from the 2nd fishing season last year.
During the first half of the year, average revenue per ton was USD 2,035/MT up
USD 1,317/MT in the same period of 2012.
7,386 MT of mackerel and jack mackerel were caught during the first quarter of
2013, generating revenues amounting to USD 4 million, representing approximately
14% of the quota allocated by Peruvian authorities.
CAPEX approved for 2013 was USD 14 million, out of which USD 8 million were
executed during H1'13.
For further information, please contact:
CEO Pablo Trapunsky, email@example.com
CFO Angel Chiri, firstname.lastname@example.org
Tel. (511) 213-4000
About Copeinca ASA
Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru. The
Company produces its fishmeal and fish oil from anchovy harvested off the coast
of Peru, and most of its production is exported. Key countries for export are
China, Japan, Germany, Canada, Chile and Denmark. Typical customers are fish
and animal feed producers as well as refineries for omega-3 products. Copeinca
ASA runs its operations out of Lima and has its own fleet. Copeinca ASA
operates 5 plants located in strategic locations all around the Peruvian coast
line. The company has around 1,400 part and full time employees.
Please visit www.copeinca.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
COPEINCA Q2 2013 REPORT:
COPEINCA Invitation Q2 2013:
COPEINCA Q2 2013 PRESENTATION:
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Source: Copeinca via Thomson Reuters ONE