Viskase Companies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 17, 2020 at 10:06 am EDT
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Viskase Companies, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 103.152 million compared to USD 96.881 million a year ago. Operating income was USD 9.737 million compared to USD 8.239 million a year ago. Net income was USD 2.595 million compared to USD 2.974 million a year ago. For the half year, sales was USD 201.630 million compared to USD 191.876 million a year ago. Operating income was USD 17.326 million compared to USD 5.006 million a year ago. Net loss was USD 948,000 compared to USD 3.473 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. 
