Neptune Reports Net Profit for Q2

Neptune Technologies & Bioressources Inc.  NEPT today reports its consolidated financial results for the three and six-month periods ended August 31, 2010.

Three-month Period Ended May 31, 2010 Financial Results

Consolidated Results

• Revenue increased by 200% to $4,114,000 for the three-month period ended August 31, 2010, up from $1,371,000 achieved during the corresponding period ended August 31, 2009.
• Consolidated EBITDA for the three-month period ended August 31, 2010 amounted to $732,000, compared to negative $(1,634,000) obtained during the corresponding period ended August 31, 2009.
• Net earnings increased by $2,386,000 and net income reached $274,000, or $0.01 per share for the three-month period ended August 31, 2010, compared to a net loss of $(2,112,000), or $(0.06) per share, for the corresponding period ended August 31, 2009.