Business
Preliminary results
Preliminary results.
About this update from Beacon Energy Plc
[{"type":"text","content":"\n Clean Energy Brazil PLC\n01 August 2007\n\n Clean Energy Brazil PLC\n MAIDEN RESULTS FOR THE PERIOD ENDED 30 APRIL 2007\n\nClean Energy Brazil plc ('CEB') is a leading specialist investment company\nfocused on Brazil's sugar cane/ethanol industry. The Company's investments\nproduce sugar, ethanol, electricity and other bi-products from our own sugar\ncane, a renewable feedstock. CEB operates through its investment manager, Temple\nCapital Partners Ltd. ('TCP'), which brings together the highly experienced team\nfrom Czarnikow Group (a leading worldwide sugar and ethanol market services\nprovider), Agrop (a leading Brazilian agricultural and industrial specialist\nservices company) and Numis (a leading UK investment bank with specialists\nfocusing on new energy).\n\nCEB invests through partnership with existing Brazilian sector participants\noffering funds for accelerated expansion, professional execution of business\ngrowth, development of its own greenfield assets and the opportunity to\nconsolidate this highly fragmented business sector.\n\nThese financial results are for the first period to 30 April 2007. The period of\nthe 'off-crop' when cane is not harvested, runs from January until March.\nTherefore, this first reporting period is necessarily short and runs through the\n'dormant' off-crop economic activity in our investment in Usaciga.\n\nHIGHLIGHTS\n\n• Admission to AIM on 18 December 2006 and placing of £100 million\n\n• Completed initial investment of approximately US$127 million in Usaciga on \n 27 March 2007\n\n• At the Usaciga site, agricultural and industrial efficiency gains have\n been achieved in line with management's best expectations\n\n• Maiden interim dividend of 2.5 pence was paid to shareholders on 19 July 2007\n\n• Active risk management by TCP has meant that CEB's existing assets are\n largely protected from current short term price volatility. However, CEB is\n exposed to medium and longer term trends which management believes to be very\n positive\n\n• CEB is building an integrated group of scale, working with its chosen\n partners to take full advantage of the significant growth potential and\n consolidation opportunities in this industry\n\n• CEB is currently negotiating additional opportunities to replicate its\n existing strategy to build a significant profitable sugar and ethano...