Viskase Companies, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
March 31, 2022 at 04:59 am EDT
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Viskase Companies, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 415.67 million compared to USD 408.89 million a year ago. Net loss was USD 3.22 million compared to net income of USD 4.74 million a year ago.
Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.07 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.