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Bankrupt VeraSun posts third-quarter loss

NEW YORK, Nov 20 (Reuters) - Ethanol maker VeraSun Energy Corp VSUNQ.PK, which filed for bankruptcy protection last month, posted a net loss for the third quarter hurt by charges and high costs for corn used to make the fuel.

Net loss for the quarter was $476.1 million versus net income of $7.8 million in the year-ago quarter, the company said in a statement late on Wednesday.

Included in that loss were non-cash charges of $384.5 million. The Sioux Falls, South Dakota, company said it had taken a $263.3 million goodwill impairment related to two acquisitions and $121.2 to write down the value of long-lived assets.

Revenues rose by 389 percent to $1.08 billion.

VeraSun had said it has suffered from locking in prices for corn at high prices in July, even as prices for gasoline and ethanol weakened.

Reporting by Matt Daily, editing by Dave Zimmerman

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