Highwater Ethanol, LLC Announces Earnings Results for the First Quarter Ended January 31, 2019
March 06, 2019 at 02:19 pm EST
Share
Highwater Ethanol, LLC announced earnings results for the first quarter ended January 31, 2019. For the fourth quarter, the company announced sales was USD 22.688 million compared to USD 22.980 million a year ago. Operating loss was USD 2.560 million compared to USD 794,645 a year ago. Net loss was USD 2.719 million compared to USD 953,195 a year ago. Basic loss per share from continuing operations was USD 565.19 compared to USD 198 a year ago.
Highwater Ethanol, LLC is engaged in the production of ethanol and distillersâ grains at the plant. The Company operates through the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process segment. The Company's products include Ethanol, Distillers Grains and Corn Oil. Its primary product is ethanol. Ethanol is ethyl alcohol, a fuel component made primarily from corn and various other grains. The ethanol it produces is manufactured from corn. The principal co-product of the ethanol production process is distillersâ grains, a high protein, high-energy animal feed supplement primarily marketed to the dairy, poultry, swine and beef industries. The corn oil that the Company produces is not food grade corn oil and therefore cannot be used for human consumption. Its corn oil can be used as the feedstock to produce biodiesel, as a feed ingredient and has other industrial uses.
HIGHWATER ETHANOL, LLC 
