Viskase Companies, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 29, 2021 at 04:32 am EDT
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Viskase Companies, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 408.887 million compared to USD 384.872 million a year ago. Operating income was USD 28.798 million compared to USD 7.730 million a year ago. Net income was USD 4.742 million compared to net loss of USD 24.947 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.47 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. 
