Lignol Energy Corporation announced unaudited consolidated financial results for the second quarter ended October 31, 2013. For the quarter, the company reported a loss of $3.9 million compared to a loss of $2.6 million for the same period last year. This translated to a loss of $0.03 per share (basic and fully diluted) for both of the second quarter of fiscal year 2014 and second quarter of fiscal year 2013.

The company reported a comprehensive loss for the quarter of $7.3 million as a result of an unrealized loss of $3.4 million arising from a decrease in the market value of LEC's investment in Australian Renewable Fuels.