NTR subsidiary Green Plains generates €5.3m net income

NTR’S bio-ethanol US subsidiary, Green Plains Renewable Energy, generated net income of $7.4 million (€5.29m), in the third quarter of 2010.

Diluted earnings per share rose to $0.23cent against 22cent for the same period in 2009. NTR holds more that 30% of the company.

Sales hit $496m for the three months under review compared to $362m for the same quarter of 2009.