Hydrodec (LON:HYR) - Feedstock supply key to progress
Jan 22nd 2013 - Edison Investment Research today published a report on Hydrodec (HYR.L, LSE:HYR, LON:HYR) entitled "Feedstock Supply Key To Progress". In summary, the report says:
Hydrodec's pre-close trading statement demonstrates the importance of establishing a secure feedstock supply base, with progress in this regard helping boost sales volumes by 11% to 22.5m litres, resulting in an estimated 16% growth in revenues to US$26.1m. This is US$2.2m lower than previously estimated because of restricted US feedstock availability and declining sales prices, led by the ICIS market index., over the summer. Feedstock availability and cost has improved from Q412 onwards.
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