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MGP Sees Improving Margins From Lower Commodity Costs
date:Mar 17, 2014
same period a year ago. Ingredient sales in the fourth quarter declined approximately 5 percent from a year ago.

Fourth quarter loss from operations was $1.1 million compared to an operating profit of $970,000 in the fourth quarter of 2012. The Company's gross profit during the fourth quarter was $7.9 million, or 10.2 percent of net sales, compared to $7.4 million, or 8.6 percent of net sales in the prior year. The improvement in gross margins, especially when compared to gross profit of $815,

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