Financials

FINANCIAL RECAP

• Comparison of operations for the three months ended:
  • There was a small increase in overall total revenues quarter over quarter. Within total revenues we saw corn oil sales up 69% over the same quarter last year primarily from increased production. This was offset by reduced revenues from distillers grains sales. The $3.8MM increase in gross profits quarter over quarter resulted primarily from a nearly 6% decrease in our corn costs quarter over quarter.
• Comparison of operations for the fiscal years ended:
  • Total revenues were down $4.3MM, mainly the result of a 17% decrease in distillers grain values year over year. Corn costs were also down approximately 5% comparatively year over year. This resulted in the net $3.2MM increase in gross profits.
• Siouxland Ethanol will finish the year with $36.9MM in working capital, which is down $6.2MM when compared to the previous fiscal year end.
• Six (6) units traded during the quarter at a weighted average price of $40,667/unit.

 
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