OTCPicks Featured Company: Pacific Ethanol, Inc. (PEIX) Reports First Quarter 2008 Financial Results
Pacific Ethanol, Inc. (NASD: PEIX) recently announced their first quarter 2008 financial figures. The company produces and sells ethanol and its co-products, which include wet distiller's grains, throughout much of the western United States. They also engage in providing transportation, storage, and delivery of ethanol through third-party service providers. The sales of ethanol are primarily to gasoline refining and distribution companies, and wet distiller's grains to dairy operators and animal feed distributors. The company was pleased to report net sales of $161.5 million, a substantial increase of $62.3 million, compared to $99.2 million the year prior. The increase can be…