28 March 2008 13:01 [Source: ICIS news]
MUMBAI (ICIS news)--Austria’s BioDiesel International (BDI) posted a 66.5% year-on-year drop in its earnings before interest and tax (EBIT) for it fiscal 2007 to €4.7m ($7.46m) on being negatively impacted by delays to the completion of various construction projects, the supplier of biodiesel plants said on Friday.
For the period, the company’s revenue fell 12% year on year to €77.1m, it added.
Most of the revenue was generated by BDI's international business operations, with its main markets in Asia, the former Eastern Bloc and the Americas, the company said.
This helped to keep the company independent of local developments, like the downtrend and restructuring of industry in Germany, it added.
Incoming orders in fiscal 2007 were lower than expected at about €49.5m, BDI said.
BDI is a supplier of complete biodiesel production plants. The services the company provides include plant planning, construction and start-up and subsequent after-sales service.
($1 = €0.63)
For more on biodiesel see Simon Robinson's Big Biofuels Blog
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