Los Angeles-Rentech Inc. reported sales of $47.5 million for the first fiscal quarter ending Dec. 31, 2007, versus the year-ago $35.4 million. The increased revenue reflects the strong demand and prices from the company’s Rentech Energy Midwest Corp. (REMC) fertilizer plant in East Dubuque, Ill. “We expect pricing and demand for REMC products to remain strong for the remainder of the fiscal year,” said Hunt Ramsbottom, Rentech president and CEO. “REMC continues to provide significant cash flow to support Rentech’s synthetic fuels commercialization efforts.” Rentech reported a net loss for the quarter of $23.4 million ($.143 per share), versus a year-ago loss of $8.7 million ($.061 per share).
Transparency Across the Fertilizer Value-Chain