10.03.2016 - Omega Protein's revenue fell by 20%

Omega Protein reported for the 4th quarter of last year. According to the financial results, the company's revenue fell by 20% to 82.3 million dollars. It is worth noting that part of the business, which is engaged in the production of animal feed showed a decrease in fish oil sales by 74%. The company's profit totaled 2.9 million dollars compared to 3.2 million for the same period of the previous year. Against this background, shares of the company that for the year increased capitalization nearly twice began to plummet and in the near future may be reduced by 10-15%.

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