Salmones Austral turns Q1 2022 profit on higher salmon prices

A Salmones Austral worker holds a frozen salmon in a processing plant.

Los Angeles, Bio Bio, Chile-based Salmones Austral posted a Q1 2022 net profit of USD 1.8 million (EUR 1.6 million), versus losses of USD 9.4 million (EUR 8.7 million) in the first quarter of 2021, on the back of stronger salmon prices.

The company sold salmon at an average of USD 5.70 (EUR 5.30) per kilogram …

Photo courtesy of Salmones Austral

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