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.
Aventine reports income up on lower corn costs, high co-product returnsIn Illinois, Aventine Renewable Energy released its results for the fourth quarter, reporting net income for the fourth quarter of $3.3 million, or $0.08 per fully diluted share, on EBITDA of $11.4 mi...
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