REX American Resources: Gains on Q1 profit vs year-ago loss

REX American Resources

26/05/2021 15:14

** Shares of ethanol producer  REX.N  up 5.6% at $82.95
    ** Posts Q1 net income attributable to shareholders of $7.8
mln vs net loss of $7.6 mln last year
    ** Net sales and revenue nearly doubles to $164.1 mln due to
higher ethanol production levels from a year ago, which was
impacted by the COVID-19 pandemic
   ** YTD, stock up 10%

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))