Syntroleum annoucnes $3M loss for 2011

March 8, 2012 |

In Oklahoma, Syntroleum announced financial results for the twelve months ended December 31, 2011. For the quarter ended December 31, 2011, the Company reported an operating loss of $796,000 on revenues of $1.0 million and operating expenses of $1.8 million. For the year ended December 31, 2011, the company reported an operating loss of $3.0 million resulting from total revenues of $4.2 and operating expenses of $7.2 million. For Dynamic Fuels’ quarter ended and year ended September 30, 2011, we reported a loss from Dynamic Fuels of $1.6 million and $13.9 million respectively. This compares to a loss of $5.3 million for the quarter ended June 30, 2011.  During the quarter and year ended September 30, 2011 the plant sold 12.5 million and 25.5 million gallons of renewable fuels, respectively.”

Print Friendly, PDF & Email

Category: Fuels

Thank you for visting the Digest.