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People & Business :: Earnings/Finance

Cereplast reports preliminary second-quarter revenue growth

5:05 AM MDT | July 10, 2013 | Lindsay Frost

Cereplast today announced preliminary results for the second quarter, and says it expects to report net sales of $700,000-$800,000—up more than two-fold from the same quarter in 2012. The company says about 80% of the revenue was generated in Italy due to high demand for its blown film- resin grades. "A majority of the revenue generated during the second quarter came from Italy, despite the slowing created by the recent opposition to the plastic bag sanctions by the government of the United Kingdom,” says Frederic Scheer, Cereplast chairman and...

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