Viskase Companies Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 26, 2019 at 04:08 pm
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Viskase Companies Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was USD 96.881 million compared to USD 104.083 million a year ago. Operating income was USD 8.239 million compared to USD 10.153 million a year ago. Net income was USD 2.974 million compared to net loss of USD 589,000 a year ago. For the half year, sales was USD 191.876 million compared to USD 201.079 million a year ago. Operating income was USD 5.006 million compared to USD 14.684 million a year ago. Net loss was USD 3.473 million compared to USD 3.470 million a year ago.
Viskase Companies, Inc. is a producer of non-edible cellulosic, fibrous and plastic casings, which is used to prepare, and package processed meat products. The Company provides value-added support services relating to these products for consumer products companies. The Companyâs products include cellulose casings, plastic casings, fibrous casings, netting and fabric, transfer casings, and applied technologies. Cellulose Casings are designed for automated production of tubular sausages, such as hot dogs, cooked sausages, dry salamis, pepperoni, mortadella. Plastic casings are casings for processed meat and poultry applications. Fibrous casings can be used for a range of applications, including pepperoni, salami, luncheon meats, boneless hams and other deli-style processed meats. The Company operates approximately 10 manufacturing facilities in North America, Europe, South America, and Asia. The Company sells its products in approximately 100 countries throughout the world.
VISKASE COMPANIES, INC. 
