Viskase Companies Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 15, 2018 at 02:21 pm EST
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Viskase Companies Inc. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was USD 98.265 million compared to USD 99.316 million a year ago. Operating loss was USD 2.869 million compared to operating Income of USD 9.761 million a year ago. Net loss was USD 10.379 million compared to net income of USD 4.616 million a year ago.
For the nine months, sales was USD 299.344 million compared to USD 288.112 million a year ago. Operating income was USD 11.815 million compared to USD 23.405 million a year ago. Net loss was USD 13.849 million compared to net income of USD 8.375 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. 
