[Biodiesel News] Biofutures maiden H1 pretax loss 58,253 stg

Biofutures maiden H1 pretax loss 58,253 stg

Life Style Extra - UK

The company, which was admitted to AIM in May, is in a conditional agreement to buy Zurex Corp, which owns the rights to build a biodiesel plant in Malaysia. ...

 

LONDON (AFX) - Biofutures International PLC, a company established to invest in or buy assets, businesses or companies in the renewable fuels industry, posted a pretax loss of 58,253 stg in its maiden interim results for the period from February 17 to June 30.

 

The company, which was admitted to AIM in May, is in a conditional agreement to buy Zurex Corp, which owns the rights to build a biodiesel plant in Malaysia. Biofutures said the consideration for the buy will be 66.67 mln shares.

 

It said it is looking to raise funds to construct the plant from a share placing with the balance of the monies sought from the debt market.

 

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Posted by Vince to Biodiesel News at 9/22/2006 06:01:00 AM