Omega Protein's second quarter results reflect
increased revenues and margins primarily due to higher volumes and sales prices
from fish oil, partially offset by a decline in sales volume of fish meal.
Average prices received for newly contracted fish oil sales, as compared to
prices received during 2007, were approximately 63 percent higher and reflect
increased demand from aquaculture and pet food manufacturers.
Average prices for the Company's fish meal products were relatively flat between such periods. The results for the six months ended June 30, 2007 were impacted by the write-off of approximately $3.0 million in deferred debt issuance costs and prepayment fees resulting from the refinancing of the Company's prior credit agreement with a new credit facility in March 2007.
Related Website:
Average prices for the Company's fish meal products were relatively flat between such periods. The results for the six months ended June 30, 2007 were impacted by the write-off of approximately $3.0 million in deferred debt issuance costs and prepayment fees resulting from the refinancing of the Company's prior credit agreement with a new credit facility in March 2007.
Related Website:
Mail a friend
Print
