€14.6m profit for NTR energy firm

GREEN Plains Renewable Energy – theNasdaq-quoted, US bio-ethanol business in which Irish group NTR is the single largest shareholder – has reported a full year net profit of $19.8 million (€14.6m), for 2009.

The company, in which NTR acquired a 45% stake two years ago, reported full-year revenues, for 2009, of $1.3 billion.

The Nebraska-based company’s fourth quarter results showed a year-on-year turnaround from a net loss of $1.8m in 2008 to a net profit of $23.1m and a jump in fourth quarter revenue from $$183.2m to $436.7m.