This quote concerns me about OBCI. If they think petroleum costs hurt them before, wait until they get a load of the future.
Peter Dornau, President and Chief Executive Officer of Ocean Bio-Chem, stated, "Despite our best efforts, natural forces and changes in customer ordering patterns clearly affected sales. Further, cost of goods sold increased to 78.2% of net sales for the six months ended June 30, 2005 compared to 75.9% of net sales for the six months ended June 30, 2004. This change resulted principally during the quarter ended March 31, 2005 and was attributed to increasing materials costs of petroleum related products which are significantly consumed in the production of our products
JMAR, Not sure it will move if King Kong sits on it. I know, patience, patience. Must wait, must wait Will Robinson. |
