Aventine Renewable Energy reports Q3 income up on flat sales

In Illinois, Aventine Renewable Energy announced its third quarter results, with revenues flat at $599.6 million compared to $601.8 million for the second quarter. The company recorded a profit of $2.5 million for the quarter, reversing a Q2 loss caused by losses in divesting auction rate securities. The company generated $56 million in positive cash flow for the first nine months of 2008.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

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 ...

Aventine reports income up on lower corn costs, high co-product returns

In 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...

The Andersons reports record income for third quarter; Grain & Ethanol Group revenues rise sharply

The Andersons, a diversified agribusiness that is a major ethanol producer and a component stock in the Biofuels Digest Indexâ„¢, announced record income for the third quarter of $10.6 million on ...

Switzerland’s Biopetrol announces $12.6 million loss, restructuring

In Switzerland, Biopetrol said it would prepare for financial restructuring after announcing a $12.6 million loss for 2008 on sales of $378 million.  The company said that since January it has experi...

Idaho diesel marketer reports 10% increase in sales since adding B5 biodiesel to lineup

Stinker Stores in Idaho announced that its diesel sales have increased 10% since introducing a B5 biodiesel blend. The company was funded by federal grant funds and federal tax credits for investment ...

Aventine announces loss on securities impairment; sales up 17 percent, beats analyst expectations

In Illinois, Aventine Renewable Energy announced a quarterly loss of $10.8 million after recording a $21.6 million impairment charge for a short-term investment in auction-rate securities that was rec...