Southwest Georgia Ethanol net income up to $3.17 million in November

By Caroline Salls

Pittsburgh, Dec. 20 - Southwest Georgia Ethanol, LLC reported net income of $3.17 million for November on revenues of $34.02 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Middle District of Georgia.

The figures showed improvement from the $355,154 of net income posted for October on revenues of $30.4 million.

The company also reported cash and cash equivalents of $12.52 million as of Nov. 30, up from $11.15 million at the end of October.

Southwest Georgia Ethanol is a wholly owned subsidiary of First United Ethanol LLC, a Pelham, Ga.-based ethanol producer. The subsidiary filed for bankruptcy on Feb. 1, 2011. The Chapter 11 case number is 11-10145.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.