The increase in total revenues was primarily the result of a 420.6% increase in ethanol volume sold and an increase in average ethanol prices of $0.38 per gallon or 17.1%, compared to the second quarter of 2007.
Net sales from ethanol increased $710.4 million or 499.4% to $852.7 million, compared to $142.3 million in the second quarter of 2007.
The company’s net income increased to $24 million or $0.15 per diluted share in the second quarter of 2008, compared to $15 million in the second quarter of 2007. Earnings before interest, taxes, depreciation and amortization increased to $73 million, compared to $33 million in the second quarter of 2007.
