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Peru

Camposol, The Biggest Shrimp Producer in Peru

 

Camposol Holding, Ltd., is the leading agro-industrial company in Peru.  It harvests, processes and markets avocadoes, asparagus, blueberries, grapes, mangos, peppers, artichokes, tangerines—and shrimp.

 

During the first quarter of 2017, Camposol’s earnings before interest, taxes, and depreciation were of $9.8 million, 9.7% higher than first quarter 2016, and its profit margin increased to 16.8% from 16.2%.  As of March 31st, 2017, Camposol’s profits for the last twelve months amounted to $77.5 million, and its debt was $166 million, with a cash balance of $32 million.  During the first quarter of 2017, Camposol’s sales were $58.2 million, up 5.6% from the first quarter of 2016.

 

 

Marinasol, Camposol’s Shrimp Farming Division

 

   

 

 

Much of Camposol’s success during the first quarter of 2017 can be attributed to Marinasol, its shrimp farming division, where production was 78% higher than the same period last year.  It’s the major shrimp grower, producer and exporter in Peru, exporting mainly to USA and Europe.  Allan Cooper, who manages Marinasol, plans to continue increasing shrimp production by converting more semi-intensive ponds to intensive ponds.

 

   

 

 

Jorge Ramirez Rubio, Chief Executive Officer of Camposol Holding, Ltd., said, “First quarter 2017 has been favorable for Camposol, our results continue the growth trend that began during the previous years.  The El Niño phenomenon severely impacted the coastal areas of Peru.  Camposol, together with the authorities and other companies located in the Chavimochic area, diligently worked to protect the trees and infrastructure, guaranteed the safety of the operations, and assisted neighboring communities with all our available resources.  Today, I am happy to inform that our operations continue normally according to plan.”

 

Information: To download PDFs of Camposol’s financial statements, click on the following links:

 

http://www.globenewswire.com/NewsRoom/AttachmentNg/6c1ef88e-65dc-44ae-a1e4-03b916de85df (If this link doesn’t work, copy and paste it into the URL/search window at the top of your browser's page and hit return.)

 

http://www.globenewswire.com/NewsRoom/AttachmentNg/c09dea79-a56d-4032-b475-9f172268de4e (If this link doesn’t work, copy and paste it into the URL/search window at the top of your browser's page and hit return.)

 

Information: Andrés Colichón Sas, Chief Financial Officer (Email acolichon@camposol.com.pe).

 

Information: Jossue Yesquen, Head of Investor Relations (Phone +511-621-0800, Extension 7171, Email jyesquen@camposol.com.pe).

 

Information: Francesca Carnesella, Marketing, Communications and Sustainability, Camposol, Avenida El Derby 250, Piso 4, Urbanización El Derby de Monterrico and Santiago de Surco, Lima, Perú (Phone +511 634-7100, Fax +511 475-0789, Email fcarnesella@camposol.com.pe, Webpage http://www.camposol.com.pe/?lID=2).

 

Source: Morningstar.  Camposol Holding Ltd. Reports First Quarter 2017 Financial Results.  May 31, 2017.