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Renova Energy, (RVA) is a profitable ethanol production, distribution Comp

Added: (Sun Feb 26 2006)

Existing facts and profitability RVA is a profitable ethanol production, distribution and marketing company, with a niche in the Rocky Mountains region - the nearest competitive plant being 200 miles to the east of RVA's production facility at Torrington, Wyoming,and up to 1000 miles from RVA's target market. It is now ripe for rapid expansion into neighbouring states.

The shares were admitted to AIM in June' '05, and $15.6m (£8.81m)raised in ordinary shares At the interims on 24 Nov '05 sales of £3.95m were reported, an increase of 8% and PbT of £0.32m (up 19%)with eps of 1.42p and surprisingly a maiden dividend of 0.29p. Cashflow increased by 59% to £0.499m.

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