Amira Nature Foods has recorded an increase in first-quarter earnings and reiterated its full-year profit and sales guidance.
Earnings reached US$7.3m in the six months to the end of June. This compared to a net profit of $3.3m in the year ago period. EBITDA increased 42.4% to $14.5m.
Sales were up 37.6% to $110.3m, primarily due to increased sales volume and prices both in India and internationally.
“In fiscal 2014, we believe we are positioned to benefit from the progress we made to our business last fiscal year, including the addition of new customers in both India and internationally and an expanded geographic footprint,” said CEO Karan Chanana.
The company reiterated its previously issued guidance of sales in the range of $480m to $507m and EBITDA in the range of $62m to $66m.
Click here to view the full earnings release.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData