Green Plains posts Q4 profit, shares hit new year-high
* Q4 EPS $0.91 vs loss of $0.08/shr year ago
* Revenue up more than 138 pct
* Shares jump as much as 19 pct, touch year high
Feb 22 - Ethanol producer Green Plains Renewable Energy Inc (GPRE.O) posted a fourth-quarter profit, helped by higher volumes and better margins, sending its shares up to a new year-high.
Shares of the Omaha, Nebraska-based company rose as much as 19 percent to $16.79 in early morning trade Monday on Nasdaq. They later pared some gains to trade at $16.50.
For the quarter, the company posted a net income of $23.1 million, or 91 cents a share, compared with a net loss of $1.8 million, or 8 cents a share, a year ago.
Revenue rose more than 138 percent to $436.7 million.
Its ethanol segment revenue was up 80 percent to $235.9 million. (Reporting by Krishna N. Das in Bangalore; Editing by Maju Samuel)
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