Pacific Ethanol

Konrad Imielinski submits: Pacific Ethanol reported impressive second quarter results. Here are the key points from the press release and a brief synopsis of the second quarter and for the six months ending June 30th:

- Construction of plants in California and Oregon are on schedule for completion in Q4 of 2006 and Q2 of 2007 - Three additional ethanol plant projects in advanced stages of development - Gross profit for the second quarter of 2006 totaled $3.3 million, as compared to $151,525 for the second quarter of 2005 - Net loss for the second quarter of 2006 decreased to $182,373, as compared to $2.2 million for the second quarter of 2005 - Basic and diluted loss per common share of $2.56 for the second quarter of 2006 as compared to $0.08 for the same period in 2005.

Central Valley based Pacific Ethanol Inc. (NASDAQ: PEIX) says it had net sales of $46.5 million in its second quarter ended June 30. Thats an increase of $23.6 million or 104 percent over the $22.8 million for the second quarter of 2005. The Fresno company says it sold approximately 19.8 million gallons of ethanol during the quarter, a 27 percent increased over the 15.6 million gallons for the second quarter of 2005. The ethanol also sold for a higher price, the company says, up by about 99 cents per gallon to $2.45. Net loss for the second quarter of 2006 decreased to $182,373, as compared to $2.2 million for the second quarter of 2005. "The second quarter was a pivotal one for Pacific Ethanol on many fronts, and we are happy to observe that the company is substantially stronger than it was just three months ago, says Neil Koehler, president and chief executive officer, in written comments.

Pacific Ethanol, Inc. (NASDAQ:PEIX) has reported operating results for the three and six months ended June 30, 2006. For the quarter ended June 30, 2006, the Company reported net sales of $46.5 million, an increase of $23.6 million, or 104%, as compared to $22.8 million for the second quarter of 2005. This increase in net sales resulted from an increase in the Company's sales volume of approximately 4.2 million gallons, or 27%, to 19.8 million gallons from 15.6 million gallons for the second quarter of 2005 and an increase in the Company's average price of ethanol by $0.99, or 68%, to $2.45 per gallon from $1.46 per gallon for the second quarter of 2005. Gross profit for the second quarter of 2006 totalled $3.3 million, as compared to $151,525 for the second quarter of 2005. Gross profit as a percentage of net sales increased to 7.1% for the quarter ended June 30, 2006 as compared to 0.7% for the same period in 2005.