CropEnergies 2010-2011 revenues increase 26%

Germany-based ethanol producer CropEnergies' revenues reached €472.8 million between 1 March 2010 and 28 February 2011, a 26% increase on the previous financial year's €374.1 million.

The company's operating profit was almost four times that of the previous year, increasing from €11.9 million to €45.9 million.

The supervisory board decided to follow the recommendation of the executive board and to propose a tripling of the dividend to the annual general meeting on 29 July 2011, to €0.15 per share (compared to €0.05 the previous year) per share, accounting for a total payout of €12.75 million.