REX American reports gross profit of $9.1 million for first quarter of 2013

May 30, 2013 |

In Ohio, REX American Resources reports first quarter 2013 consolidated gross profit of $9.1 million, compared with $5.5 million for the same quarter in 2012. In Q1 ‘13, equity in income of unconsolidated ethanol affiliates rose to $1.6 million, compared with $0.4 million in Q1 ‘12. REX’s first quarter in 2013 income from continuing operations before income taxes nd non-controlling interests was $5.9 million, compared with $1.9 million in the same quarter last year.

At April 30, 2013, REX had cash and cash equivalents of $73.8 million, $48.4 million of which was at the parent company and $25.4 million of which was at its consolidated ethanol production facilities.

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