Rentech Inc. (Denver, CO) announced its financial results for the first quarter ended December 31, 2004. Revenues were $2,323,731 for the three months ended December 31, 2004, as compared to $1,645,665 for the corresponding quarter in fiscal 2004.
Rentech President and CEO Dennis Yakobson stated, "The first quarter of fiscal 2005 reflected the expectations of management as we fine tune our subsidiary businesses. We continue to forecast strong growth from PML as well as steady performance from OKON. REN continues to struggle in its efforts to secure contracts, but the company has made a significant effort in reducing its overhead."
