Helius Energy said its Rothes biomass processing plant was still on track and revealed yesterday it had moved into the black. The renewable-energy firm is developing the Moray project as part of a joint venture with the Combination of Rothes Distillers (CoRDe) group and said it was on schedule to start operations in the second half of this year.
In accounts released by Companies House yesterday, Helius said it made pre-tax profits of £71,764 in the year to September 30, 2011, compared with losses of £6.2million in the previous 12 months.
Operating losses narrowed to £757,448 from £7.4million, while turnover was £148,308. The firm did not record any revenue in the previous 12 months.