March 19, 2007

Omega Protein reports 2006 results
 

US agri-firm Omega Protein Corporation posted a net loss for the fourth quarter, ended Dec. 31, of US$396,000 compared with a net loss of US$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.

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 US Gulf of Mexico and Atlantic Coasts.