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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
November 15, 2000High Plains Honored for Growth; Projects Strong Fiscal Year Earnings High Plains Corporation (Nasdaq: HIPC) was recently named one of the 50 fastest-growing technology companies in Kansas and Western Missouri by Deloitte & Touche. At the "Fast 50" awards ceremony in Kansas City, High Plains was recognized for the second year in a row for its 81 percent revenue growth from fiscal 1995 to fiscal 1999.
Gary Smith, President and CEO, praised the total organization for their efforts in making this award possible. "When I came on board two and a half years ago, we were posting $85 million in annual sales. Passing $109 million in sales this last fiscal year was a special milestone. With strong ethanol markets and our diversification efforts, we expect sales to continue to increase in the future. Not only are fuel ethanol prices up, but sales volumes of our industrial grade ethanol for October alone are over 75 percent of the industrial sales for the entire July-September quarter, and we believe that trend will continue throughout the current quarter and into the next," stated Smith.
High Plains reported sales of $29,181,796 for its fiscal first quarter ended September 30, 2000, and operating income (income before interest and taxes) of $2,467,641, or $.15 per share. Net earnings after taxes were $1,297,597, or $.08 per share. Smith projected that the balance of the year looks strong. "Fundamentals are in place to allow us to project net earnings in the $.12 to $.14 per share range for the current (second) fiscal quarter, and it appears that the third quarter should be strong also," he continued. "If grain, ethanol and natural gas prices continue in the ranges that we expect, even the fourth quarter, which is historically our weakest, also should show good profitability," concluded Smith.
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