MGPI narrows loss in second quarter
date:Aug 10, 2012
d average selling prices, a higher value product mix and lower natural gas prices. Flour costs averaged about 8% lower per pound compared with the year-ago period, the company said.
Net sales in the Ingredient Solutions segment were $14 million, down about 10% from the same period a year ago.
Distillery Products posted pre-tax income of $3.7 million, which compared with a loss of $3.7 million in the same period a year ago. MGPI said pricing for distillery products out-paced the higher costs for
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