PRESS RELEASES
BIOPETROL reports a good Q1
NB: Please note the disclaimer at the end of this press release
April 26, 2006. According to the preliminary figures for the first three months of business 2006, BIOPETROL INDUSTRIES AG is fully on target. The biodiesel producer booked consolidated sales of € 31.5 million, and reported EBIT of € 1.6 million and EBT of € 1.7 million. Consolidated net income for the period ran at € 1.0 million, which translates into EPS for the period of € 0.03.
The quarterly report with the detailed figures on the first quarter (ending March 31,2006) will be released in German and English on May 16, 2006.
The Company
BIOPETROL INDUSTRIES AG, based in Zug, Switzerland, produces and distributes premium quality biodiesel and pharmaceutical grade glycerine through its German subsidiaries. Its clients include the mineral oil industry and resellers, large fleet operators and public transport companies. Moreover, pharmaceutical glycerine is supplied to the pharmaceuticals and cosmetics industry.
BIOPETROL INDUSTRIES AG currently produces around 150,000 tons of biodiesel and 30,000 tons of pharmaceutical glycerine per year in Schwarzheide. In early February 2006, the foundation stone for another facility was laid in Rostock. 150,000 tons of biodiesel per year will be produced there from October 2006. In Rotterdam in The Netherlands, the company will erect a production facility for 400,000 tons of biodiesel and 60,000 tons of pharmaceutical glycerine. By the end of 2007, annual capacity should have increased by a factor of five to 750,000 tons of biodiesel.
Disclaimer
This communication is neither an offer to sell nor a request to make an offer
to buy or subscribe to securities. There is no public offering of BIOPETROL
INDUSTRIES AG securities in connection with the IPO in OTC trading at the
Frankfurt Stock Exchange. This communication is not a securities prospectus.
This communication and the information it contains are not intended for direct
or indirect forwarding to or inside the United States of America, Canada,
Australia or Japan.
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