date:Jul 08, 2014
ds. Results in the division were also slightly improved by a change in the estimated service lives used to calculate depreciation expense, as explained below. In addition, the Company incurred one-time costs associated with the acquisition of Gum Technology, which are included in the quarterly results of the Food Ingredients division.
Highlights for the quarter are as follows:
Food Ingredients Division
- Revenue increased to a record $35.3 million on double-digit increases in starch volumes a