Nutritional product company Omega Protein Corporation experienced a 3 per cent drop in revenues in the third quarter compared to the same period in 2015, to USD 108.8 million mainly due to a decrease in human nutrition revenues.
The firm’s executives explained that the decrease in human nutrition revenues reflected lower sales of specialty oils, including coconut oils.
On the other hand, the firm achieved an increase in animal nutrition revenues, which was so thanks to increased sales volumes of 16 per cent for fishmeal and increased sales prices of 4 per cent for fish oil, partially offset by decreased sales prices for fish meal and decreased sales volumes for fish oil.
"Our animal nutrition segment continued to benefit from favorable volume and pricing which produced the highest quarterly adjusted EBITDA since we started calculating it,” poin...
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