Preliminary results for year ended 31 march 2006

(30/08/06) Preliminary Results for year ended 31 March 2006

GTL Resources plc, the project development company focussed on Ethanol production in the US, today announces its Preliminary Results for the year ended 31 March 2006.

Highlights

Construction of IRE ethanol plant at Rochelle, Illinois commenced in September 2005
First production from Rochelle anticipated December 2006
Significant support for Ethanol announced by US government during year
Loss before taxation US$ 12.5m (2005: Loss US$12.7m)
Loss per share US$ 0.008 (2005: Loss US$ 0.038)

Commenting on the results Peter Middleton, Chairman, said:

‘The construction of our Ethanol plant at Rochelle continues our strategy to develop renewable fuel projects and we anticipate production commencing in December 2006. The key personnel for Rochelle are in place and we look forward to delivering revenues throughout 2007.

We thank all our shareholders for their support over the last year.’

For further information, please contact:

GTL Resources plc
Peter Middleton, Executive Chairman - Tel: 020 7958 1685
Michael Brennan, Finance Director - Tel: 01642 794 000

Buchanan Communications
Tel: 020 7466 5000
Tim Thompson
Nick Melson

For full announcement click here (pdf)

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