Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Copeinca fishing vessels. (Photo Credit: Copeinca)

Copeinca reports losses despite good catch results in H1

  (PERU, 8/19/2013)

The important Peruvian fish oil and fishmeal producer, Copeinca, has reported a sharp fall in profits for the first half of 2013 despite having successfully completed its first fishing season's quota.

In the first six months of this year, the company achieved an EBITDA of USD 11.7 million, USD 47 million below that reported for the same period in 2012. The EBITDA margin was also lower than in 2012: it went down from 34.9 per cent to 21.5 per cent.

Copeinca attributed this fall to a lower initial inventory of fishmeal and oil for the second fishing season of 2012 -- due to a lower fishing quota authorized by the Peruvian authorities for last year --, and the delay in the start the first fishing season this year. To this, the lower sales volumes are added because of the slow demand from China, as a result of bad weather that delayed the start of the aquaculture season in the country.

However, the company also reported slightly better results than last year: it reported an average income of USD 2,035 per tonne compared to USD 1,317/tonne in 2012.

Copeinca earned about USD 4.2 million in revenue during the first quarter from the catch of 7,286 tonnes of mackerel and horse mackerel for human consumption, which represented approximately 14 per cent of the total allowable catch.

And in the first half of the year, it managed to capture 40 per cent of the total anchovy quota of 400,000 tonnes authorized by the Peruvian authorities.

In the second quarter of 2013, the average price of Aqua grade fish oil was USD 2,380/tonne, against USD 1,596/t in the same period of 2012, and that having Omega grade reached USD 2,879/tonne compared to to USD 2,052/t.

As for fishmeal, the average price in the second quarter of this year was USD 2,035/metric tonne FOB Peru for Super Prime fishmeal, USD 512/t more than in the same period of 2012.
 

By Gabriela Raffaele
[email protected]
www.fis.com


Information of the company:
Address: Calle Francisco Graña 155, Urb. Sta. Catalina
City: Lima
State/ZIP: (Lima 13)
Country: Peru
Phone: +51 1213 4000
Fax: +51 1213 4034
E-Mail: [email protected]
More about:




Approval / Accreditation / Certified / Oversight by...
ISO   E.U.  USDA/USDC & FDA  RF (Russia)  GMPB2  BASC 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Sixty South Salmon Receives “Good Alternative” Rating from Seafood Watch
Louisiana Seafood Promotion & Marketing Board Seeks New Look Through Student Design Competition
Handy Seafood Celebrates 100th Season of Soft Shell Crab Processing
PADI Joins Global Ghost Gear Initiative to Combat Lost and Abandoned Fishing Gear
Survey: Gender on the Agenda of the Seafood Industry
Slapfish Showcases Responsibly Farmed Tilapia
Tallink Silja Becomes the World’s First Cruise Line to Serve MSC Certified Seafood
Coles Awarded Best Sustainable Seafood Supermarket in Australia
DHL Doubles Airfreight Capacities to Support Fast Growing Norwegian Seafood Exports to Asia
The Co-op Launches Sustainable Farmed Salmon Initiative
Seafood Watch Recommends B.C. Farm-Raised Atlantic Salmon as a Good Alternative
Alimentsa Approved to Join BioMar
Bristol Bay Sockeye Fishermen Harvest 37 Million Sockeye
Top 3 Emerging Trends to Impact the Canned Seafood Market in the Next Five Years
Aller Aqua Launches Power2
World’s First MSC Certified Pearls Confirms Sustainability of Intergenerational Fishery
Creation Gardens Announces Acquisition of Bluefin Seafoods
Survey Says: Americans Will Splurge on Sustainable Seafood
Young’s Seafood Announces New Website Launch
Inaugural State of the Science Symposium Provides Forum to Outline Consensus on Seafood Nutrition
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Imported seafood often contains dangerous drug residue, new report
United States A new federal study finds that fish imported from other countries, including China, Indonesia, Vietnam and Thailand, contain potentially hazardous levels of drug residue, which can cause allergic reactions or even cancer in consumers.
Bristol Bay’s mining firm proposal forecast to harm sockeye
United States Scientists from the University of Washington have warned that the world’s main sockeye fishery, in Bristol Bay, could be harmed by a gold and copper mine a firm intends to build in the area.
Commercial fishing to blame for endangered sea lion decline
New Zealand New research conducted by scientists from three universities found that getting caught in fishing nets is a major cause of death for the increasingly endangered New Zealand sea lion.
Bluefin tuna remains popular in Japan but not at the top
Japan A recent survey to 1,000 Japanese consumers shows that over 70 per cent choose to grill fish fillets while 63.8 per cent and 50.4 per cent go for sashimi and sushi, respectively, when asked how they l...
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2017 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER