BPI Energy Holdings Announces Fiscal 2008 Third Quarter and Nine Month Results.
International Resource News-17 June 2008-BPI Energy Holdings Announces Fiscal 2008 Third Quarter and Nine Month Results(C)2008 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 17 June 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
BPI Energy Holdings, Inc (Amex: BPG), a US-based company that acquires and develops coal-bed methane properties, has announced financial results for the quarter and nine-month periods ended April 30, 2008.
The company has reported that revenues from gas sales increased 60% to USD535,000 in the fiscal third quarter of 2008 from USD335,000 reported for the same period in fiscal 2007. The current third quarter has recorded a net loss of USD2.5m, or USD0.04 per share, against a comparable net loss of USD2.1m, or USD0.03 per share reported for the same period in fiscal 2007.
For the nine-month period that ended on April 30, 2007, revenue has increased to USD1.3m, a rise of 9% from USD876, 000 reported for the nine months ended on April 30, 2007. The net loss for the nine-months is USD6.1m, or USD0.09 per share, from the 2007 same period net loss of USD6.6m, or USD0.09 per share.
During the fiscal 2008 third quarter, net gas sales volume has increased by 32% to 63.9 million cubic feet (MMcf), from 48.6MMcf in the fiscal 2007 third quarter. For the first nine months of fiscal 2008, net gas sales were 185.2MMcf, an increase of 35% from 137.4MMcf in the first nine months of fiscal 2007.
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