Financially challenged Chilean salmon-farming firm Nova Austral continued to post losses in the second quarter of 2024, following a trend of several quarters of losses that was briefly interrupted in Q1 when the company turned a net profit of USD 400,000 (EUR 362,000).
During the second quarter of the year, Nova Austral’s top-line revenues reached USD 13.8 million (EUR 12.5 million), a 53 percent drop when compared to the USD 29.4 million (EUR 26.6 million) posted in Q2 2023. This drop, according to the firm, was mainly due to a 51 percent year-over-year reduction in volumes sold.
The company’s total sales also decreased in ...
