BIOPETROL INDUSTRIES AG
BIOPETROL INDUSTRIES AG: First Half Trading Update
BIOPETROL INDUSTRIES AG / Key word(s): Half Year Results/Half Year Results 27.09.2012 07:47 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- BIOPETROL: First Half Trading Update - Sales revenues of KEUR 302,173 - Impairment of plants boost net loss - Negative equity of KEUR -50,354 - Discussions with main creditor pending Baar, 27 September 2012: BIOPETROL INDUSTRIES AG, the Switzerland-based producer of biodiesel and high quality pharmaceutical-grade glycerine, today announced its figures for the first half 2012. As market conditions remained very challenging amid continuing overcapacity in the European biodiesel market, sales revenues (excluding energy tax) were KEUR 302,173 (first half of 2011: KEUR 315,464). Net loss of the period was KEUR -61,250 (first half of 2011: KEUR -15,823) following an impairment of KEUR 47,380 for plants. Therefore a negative equity of KEUR -50,354 was accounted in the consolidated balance sheet as per 30 June 2012. BIOPETROL announced in May that it was initiating a restructuring of its balance sheet to improve the company's financial position. As part of this process, the management of BIOPETROL has engaged with its main creditor and continues to be in constructive discussions which may or may not lead to a capital restructuring. About the company: With its German, Dutch and Swiss subsidiaries, BIOPETROL INDUSTRIES AG, headquartered in Baar (Switzerland), produces and sells biodiesel and pharmaceutical-grade glycerine of the highest quality. Among our customers are the oil industry and oil traders, large-scale fleet operators, public short-distance transport, as well as the agricultural and construction industries. The pharmaceuticals and cosmetics industries are also supplied with pharmaceutical-grade glycerine. BIOPETROL INDUSTRIES AG has annual production capacities in Schwarzheide, Rostock and Rotterdam of 1,000,000 tonnes of biodiesel, of which 600,000 tonnes are operational, and 60,000 tonnes of pharmaceutical-grade glycerine. Disclaimer This press release represents neither an offer for sale nor a request for the submission of an offer to purchase or subscribe to securities. This announcement and the information contained therein are not intended to be directly or indirectly passed on to or within the United States of America, Canada, Australia or Japan. BIOPETROL INDUSTRIES AG Baarermattstrasse 3 CH-6340 Baar (Switzerland) Investor Relations Contact Gerd Rückel Phone +49 (0) 69 577 0 300 31 Mail: gerd.rueckel@biopetrol-ind.com 27.09.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: BIOPETROL INDUSTRIES AG Bernoldweg 14 CH-6300 Zug Switzerland Phone: Fax: E-mail: ir@biopetrol-ind.com Internet: www.biopetrol-ind.com ISIN: CH0023225938, DE000A0LMF75 WKN: A0HNQ5, A0LMF7 Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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