Nova Biosource Fuels, Petrotec post quarterly earnings

By | July 14, 2008
Nova Biosource Fuels Inc. posted a second-quarter revenue increase of $6.8 million and $8.7 million for its three months and six months ending April 30, respectively. Conversely, the company reported net losses of $6.4 million and $11.7 million for the three and six months ending April 30, respectively, compared with net losses of $6.7 million and $10.1 million for the same periods last year.

German biodiesel producer Petrotec AG posted a first-quarter sales of 15.7 million (US$24.3 million) compared with 16.3 million (US$25.2 million) during the same quarter a year ago. The company booked a first-quarter loss before interest, taxes, depreciation and amortization of 6.1 million (US$9.4 million).
 
 
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