Ethanol producer REX jumps on record quarterly profit

REX American Resources

30/11/2023 16:32

** Shares of ethanol producer REX American Resources  REX.N 
jump as much as 37.3% to all-time high of $50.66
    ** REX reports record net income per share attributable to
common shareholders of $1.49 for Q3
    ** Q3 net income jumps to $26.1 million from $3.2 million
last year
    ** Co says rise in net income primarily reflects decreased
input costs, including lower corn and natural gas pricing
    ** Co says quantities of ethanol sold rose 10.4% to 73.2
million gallons in Q3
    ** REX shares up 56.3% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
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