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    Home > Food News > Food Articles > Restricted by the new crown epidemic, sales of Multi-X in China have declined

    Restricted by the new crown epidemic, sales of Multi-X in China have declined

    • Last Update: 2021-09-11
    • Source: Internet
    • Author: User
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    According to the second quarter report of Chilean manufacturer Multi X, the company achieved revenue of 150 million U.
    S.
    dollars, an increase of 73% year-on-year.
    The sales growth was mainly due to the strong recovery of the catering industry and the promotion of retail demand in the company's most important market (including the US market)
    .
     
    In the second quarter of 2021, Multi X's fair value adjusted earnings before interest and taxes (EBIT) was US$6.
    6 million, with a loss of US$22.
    3 million in the same period last year
    .
    Net profit loss was US$20 million, compared with a loss of US$15.
    4 million in the same period last year and a loss of US$10.
    6 million in the first quarter of 2021
    .

     
    In the second quarter, Multi X's salmon production reached 21,570 tons, and the total production in the first half of the year was 47,737 tons
    .
    The average harvest weight of salmon was 5.
    05 kg.
    Due to the increase in the price of feed and other raw materials, the cost of salmon farming increased compared with last year.
    The cost before release was $3.
    89/kg (excluding freight)
    .

     
      Multi X said that despite the recovery of salmon prices at the end of the second quarter, sales in some markets are still affected by the new crown epidemic , which has changed significantly compared to before the epidemic
    .
     
      In the first half of the year, the United States and Brazil were the two most important markets, with sales of 164 million U.
    S.
    dollars and 50.
    1 million U.
    S.
    dollars, respectively, an increase of 48 million U.
    S.
    dollars and 22.
    2 million U.
    S.
    dollars over the same period last year
    .
    Sales in Chile's local and European markets were basically the same as last year
    .
    Sales in China fell from US$19.
    7 million in the same period last year to US$7.
    3 million, mainly due to greater restrictions on export trade since the new crown epidemic.
    Norwegian suppliers have increased sales in the Chinese market, putting pressure on Chile
    .
     
      In the first half of 2021, Multi X's total revenue reached US$285 million, an increase of 18% year-on-year
    .

    Sales Catering United States
     
      In the second quarter of 2021, Multi X's fair value adjusted earnings before interest and taxes (EBIT) was US$6.
    6 million, with a loss of US$22.
    3 million in the same period last year
    .
    Net profit loss was US$20 million, compared with a loss of US$15.
    4 million in the same period last year and a loss of US$10.
    6 million in the first quarter of 2021
    .

     
      In the second quarter, Multi X's salmon production reached 21,570 tons, and the total production in the first half of the year was 47,737 tons
    .
    The average harvest weight of salmon was 5.
    05 kg.
    Due to the increase in the price of feed and other raw materials, the cost of salmon farming increased compared with last year.
    The cost before release was $3.
    89/kg (excluding freight)
    .

     
      Multi X said that despite the recovery of salmon prices at the end of the second quarter, sales in some markets are still affected by the new crown epidemic , which has changed significantly compared to before the epidemic
    .
    epidemic
     
      In the first half of the year, the United States and Brazil were the two most important markets, with sales of 164 million U.
    S.
    dollars and 50.
    1 million U.
    S.
    dollars, respectively, an increase of 48 million U.
    S.
    dollars and 22.
    2 million U.
    S.
    dollars over the same period last year
    .
    Sales in Chile's local and European markets were basically the same as last year
    .
    Sales in China fell from US$19.
    7 million in the same period last year to US$7.
    3 million, mainly due to greater restrictions on export trade since the new crown epidemic.
    Norwegian suppliers have increased sales in the Chinese market, putting pressure on Chile
    .
    China
     
      In the first half of 2021, Multi X's total revenue reached US$285 million, an increase of 18% year-on-year
    .
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