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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
April 17, 2001High Plains Reports Fiscal Third Quarter Earnings of $.08 High Plains Corporation (Nasdaq: HIPC) yesterday announced earnings for its fiscal third quarter of $1,246,707, or $.08 per share, in line with the projections made by the ethanol producer at the beginning of the quarter. Revenues for the quarter were $40,178,889, 46 percent higher than the $27,601,410 for the like quarter ended March 31, 2000. Year to date revenues also rose 39 percent to $105,439,248, from $75,619,229 for the same nine month period ended March 31, 2000, on track to easily surpass the Company's prior record annual revenues of $109 million set in fiscal year 2000.
The Company's earnings for the quarter ended March 31, 2001 were slightly better than the $1,194,532 reported for the like quarter ended March 31, 2000, despite significant increases in natural gas costs. "Our management team has done a great job in minimizing the impact of these increased costs, and our earnings this quarter are one more indication that our risk management program is working," said Gary Smith, President and CEO. "While other companies were paying over $10 per million BTUs this quarter for their natural gas, we were paying in the low $5 range, even before averaging in the significantly lower cost of landfill gas utilized at our Colwich, Kansas facility. Our objective has been to lock in favorable margins as we go, and this strategy has allowed us to manage the increased costs," continued Smith.
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