REX American Resources rises on higher Q1 ethanol sales

REX American Resources

25/05/2023 15:25

** Shares of ethanol producer REX American Resources Corp
 REX.N  up 10.6% at $34.65
    ** Co reports Q1 ethanol sales of 71.5 mln gallons vs 64.5
mln gallons a year earlier 
    ** Q1 revenue of $212.7 mln, up 9.5% year-over-year 
    ** Says Q1 revenue increase reflects increase in sales as
well as higher prices for dried and modified distillers grains
    ** Q1 net income of $6.7 mln vs $7 mln a year earlier 
    ** REX up about 8.4% YTD 

 (Reporting by Vaibhav Sadhamta)
 ((Vaibhav.Sadhamta@thomsonreuters.com;))