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Exalmar invoices extra 94pc in the first half term

One of the fishing vessels of the fleet belonging to Exalmar. (Photo: Exalmar)
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Friday, September 05, 2014, 01:00 (GMT + 9)

The fishing company Exalmar intends to offer further thrust to the development of products for direct human consumption (DHC) after starting its plant Tambo de Mora, in Ica.
The company obtained the license to operate three new boats to fish horse mackerel and mackerel, and a quota of 739 cubic meters of tuna.
According to Raúl Briceño, the fishing firm administration and finance manager, with higher production volumes it may develop new product lines.
"So far we have caught 7,800 tonnes of horse mackerel and mackerel, almost double the effective capture of all 2013. And, considering all of the species, 5,522 tonnes," the executive pointed out.
In its report on the financial statement, Exalmar informs that production in the plant in Paita totalled 5,522 tonnes up to June, that is to say, 41 per cent more than in the same period last year.
This rise was driven by increased production of frozen giant squid (33 per cent) and frozen dolphin fish (30 per cent) and scallops (379 tonnes).
Through 30 June, the company had reached 82.9 per cent of total production in 2013.
Exalmar managers intend to extend the certification obtained to directly sell to the international supermarket chain Tesco, in Asia, and leverage its networks to enter other countries.
Exalmar sales generated USD 122.3 million in revenue in the first half, up 94 per cent over the first half of 2013 (USD 62.9 million). This growth partly reflects higher fishing quotas for the second term of the year (November 2013 to January 2014), which were sold throughout this year.
DHC products generated USD 15.4 million in the first half of 2014, equivalent to 13 per cent of turnover of Exalmar while sales of fishmeal accounted for 67 per cent and those of fish oil the remaining 20 per cent.
The product business for indirect human consumption (IHC) had a 97 per cent increase attributed to higher initial inventories for the largest quota of the second season of 2013 (2,304 tonnes compared to 810 tonnes in 2012) and therefore, increased production; higher sales of fishmeal (with lower average prices but offset by the higher volume) and higher sales of fish oil (with similar prices but offset by higher volume price).
DHC business had a 75 per cent increase over the same period last year, driven by increased production and frozen product sales (+ 106 per cent) and a 79 per cent reduction in the sale of fresh fish (horse mackerel and mackerel) after the start of operations of the plant of Tambo de Mora.
Related article:
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