Omega Protein reports 2006 results
Omega Protein Corp. posted a net loss for the fourth quarter, ended Dec. 31, of $396,000 compared with a net loss of $1.8 million for the same period in 2005.
The Houston-based manufacturer of fish oils said results are due to higher
sales prices and increased sales volumes, offset by higher costs of sales. The
higher costs of sales were attributable to increased energy costs, higher repair
costs and poor fish oil production yields.
About Omega Protein
Omega Protein Corporation is the nation’s largest
manufacturer of heart- healthy fish oils containing Omega-3 fatty acids for
human consumption, as well as specialty fish meals and fish oil used as
value-added ingredients in aquaculture, swine and other livestock feeds. Omega
Protein makes its products from menhaden, an Omega-3 rich fish that is not
utilized as seafood, but which is abundantly available along the U.S. Gulf of
Mexico and Atlantic Coasts.
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Omega Protein
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