Neogen Profit Falls On Fewer Food Contamination Crises, Higher Acquisition CostsNeogen Corp. makes products that test for contamination and other biotech information in food and livestock. A year ago, amid outbreaks of food contamination, the company reported record profits. This year, for the second quarter of its fiscal year, which ended Nov. 30, the company reported lower net income despite higher sales due to what a top executive called a year of "clean crops." Acquisition expenses also played a part.
Food, Animal Testing Growth Drives Sales, Profits At Lansing's NeogenLansing-based Neogen Corp. announced that its net income for the third quarter of fiscal year 2013, which ended Feb. 28, increased 27 percent to $6.7 million or 27 cents a share, up from $5.2 million or 22 cents a share in the same quarter a year earlier.