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MGP Sees Improving Margins From Lower Commodity Costs
date:Mar 17, 2014
erating income of $4.9 million during the same quarter a year ago.
For the twelve months of 2013, distillery segment sales were $264 million, a decrease of 4.6 percent compared to the prior year period. The decrease was mainly driven by an 82 percent reduction in industrial alcohol supplied from the Company's joint venture partner. Pre-tax operating income for the year was $11.9 million compared to $14.8 million in the previous year. Overall distillery segment pricing decreased 5.0 percent from

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