Refined product sales represented $26.6 million, or 94.9% of total revenue for the third quarter and $26.3 million, or 95.3% of total revenue for the third quarter last year.
The company generated $1.4 million in toll processing fees during the third quarter, compared to $1.3 million for the prior year’s third quarter. Gross profit on product sales and processing for the third quarter was $2.4 million, or 9.5% gross profit margin, compared to gross profit of $2.8 million, or 11.2% gross profit margin for the third quarter last year.
For the first nine months of 2007, the company generated consolidated revenue of $78.8 million, an increase of 3.8% compared to revenue of $75.9 million for the first nine months of 2006. Gross profit on product sales and processing was $16.9 million, or 27.2% gross profit margin, compared to gross profit of $14.8 million, or 24.2% gross profit margin, for the first nine months of last year.
