Aemetis Q4 net loss increases

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11 April 2016, Nuclear, Solar, Wind

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Revenues for the fourth quarter ended December 31, 2015 were $35.35 million, compared to $41.47 million for the same quarter ended December 31, 2014.

Net loss for the year ended December 31, 2015 was $27.14 million, or $1.37 loss per diluted common share, compared to a net income of $7.13 million, or $0.34 per diluted common share, for the year ended December 31, 2014.

Revenues for the year ended December 31, 2015 were $146.65 million, compared to $207.68 million for the year ended December 31, 2014.

"In 2015, our financial and operational performance was affected by excess supply in ethanol markets," said Eric McAfee, Chairman and CEO of Aemetis. "During this past year, Aemetis significantly increased production at our biodiesel and glycerin biorefinery in India, to take advantage of deregulation and the removal of subsidies in the diesel market. The biodiesel domestic market in India continues to grow, with our expanding sales of B100 as a transportation fuel to replace diesel. In 2016, we plan to increase the profitability of our ethanol business by the adoption of patented technologies for the production of cellulosic ethanol and related products at the Keyes plant."

Source: MarketLine

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