Neptune Technologies & Bioressources profits rise on krill oil success

Posted On: July 22, 2010

Neptune Technologies & Bioressources has recorded continued profits in its first quarter, which the firm says is partly a result of a more widespread recognition of krill oil in the nutraceutical industry.

The Canadian firm reported a 45 percent increase in revenue for the three months ended May 31, 2010 compared to the same period last year. This boosted revenue to $4.2m for the period.

According to the company, the improved results were largely due to an investment in the firm’s manufacturing plant last year, which boosted production performance. However, the results also reflect an increased uptake of krill oil as a source of omega-3.

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