Aventine reports net income of $3.0 million for Q3 2007; says ethanol price plunge cost $10.6 million

Aventine Renewable Energy reported net income of $3.0 million for the third quarter and cash flow from operations of $8.8 million.

The company blamed the poor results on falling ethanol prices and increased feedstock costs. Aventine estimated that the economic impact of declining ethanol prices on quarter-end inventory was $10.6 million.

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