Viskase Companies, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 05, 2018
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Viskase Companies, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net sales of USD 104,083,000 against USD 98,440,000 a year ago. Operating income was USD 10,153,000 against USD 7,000,000 a year ago. Loss before income taxes was USD 678,000 against income before income taxes of USD 2,904,000 a year ago. Net loss attributable to the company was USD 589,000 against net income attributable to the company of USD 2,027,000 a year ago.
For the six months, the company reported net sales of USD 201,079,000 against USD 188,796,000 a year ago. Operating income was USD 14,684,000 against USD 13,644,000 a year ago. Loss before income taxes was USD 5,254,000 against income before income taxes of USD 5,810,000 a year ago. Net loss attributable to the company was USD 3,470,000 against net income attributable to the company of USD 3,759,000 a year ago. Net cash used in operating activities was USD 2,342,000 against net cash provided by operating activities of USD 5,441,000 a year ago. Capital expenditures were USD 10,595,000 against USD 9,401,000 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. 
