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People & Business :: People/Executives
Cereplast reports rise in sales for first nine months of 2013
November 15, 2013 | Lindsay Frost
Cereplast announced its results for the first nine months of 2013—reporting a net loss of $34 million, compared to a loss of $16.3 million in the same period of 2012, driven by an increase in other expenses related to financing transactions, the company says. Net sales for the period increased almost two-fold, to $2.1 million due to growing demand in European markets primarily due to anticipated legislation in Italy banning traditional plastic bags. "We are pleased with the year-over-year growth we have experienced for the first nine months of 2013 and...
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