Southwest Iowa Renewable Energy releases Q1 results, posts net loss of $8M

February 18, 2013 |

In Iowa, Southwest Iowa Renewable Energy announced their Q1 FY2013 results, posting a net loss of $8M, compared to a net profit of $8M in Q1 of FY2012. Cash flow totaled just over $1M. Brian Cahill, SIRE’s General Manager and CEO, stated, “Our first quarter in Fiscal 2013 reflects the continuing margin compression resulting from the relative high prices of our primary input and low prices our primary product during the quarter.”

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Category: Fuels

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