REX American Resources Corp. (REX) reported that its first-quarter profit from continuing operations attributable to shareholders increased to $3.3 million or $0.40 per share, from $0.8 million or $0.09 per share last year. Net income attributable to shareholders was $3.5 million or $0.43 per share, compared to $0.9 million or $0.11 per share prior year.
Net sales and revenue rose 18% to $178.7 million from $151.0 million last year.
REX CEO, Stuart Rose, said, "The combination of an improved industry environment, our interests in state-of-the-art ethanol plants, and our operating discipline at both the plant and corporate level resulted in a strong start to fiscal 2013."
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