AquaChile S.A. has released its results for the third quarter and the nine months ended September 30, 2024.
AquaChile
Empresas AquaChile S.A. has released its results for the third quarter and the nine months ended September 30, 2024, showing a significant improvement in profitability compared to the previous year.
The salmon company registered a net income for the third quarter of 51.7 million USD, compared to a net loss of $13.11 million a year ago. In contrast, sales saw a slight decrease, falling from $359.61 million to $342.45 million.
Similarly, net income for the nine months was $86.84 million, compared to a net loss of $30.52 million in the same period last year. Additionally, sales rose from $1,059.31 million in 2023 to $1,178.35 million this year.
AquaChile launched during the third quarter its Competitive Fund, which aims to support and finance projects of social organizations in the regions where the company operates.
In the 2024 edition, the Chilean company received 447 applications and ultimately awarded 46 projects in Araucanía, Los Lagos, Aysén, and Magallanes. This means that more than 7,000 people will benefit directly from this fund.