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Cereplast reports rise in sales for first nine months of 2013

10:07 AM MST | 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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