Agro Tech Foods Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 15, 2014 at 08:04 am EST
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Agro Tech Foods Limited announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 1,970.6 million compared to INR 2,199.0 million a year ago. Total income from operations (net) was INR 1,975.3 million as compared to INR 2,204.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 183.5 million compared to INR 185.1 million a year ago. Profit from ordinary activities before tax was INR 175.5 million compared to INR 192.7 million a year ago. Net profit from ordinary activities after tax was INR 130.8 million or INR 5.37 per basic and diluted share before and after extraordinary items compared to INR 130.6 million or INR 5.36 per basic and diluted share before and after extraordinary items a year ago.
For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 5,749.6 million compared to INR 5,824.2 million a year ago. Total income from operations (net) was INR 5,761.6 million as compared to INR 5,837.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 412.2 million compared to INR 386.5 million a year ago. Profit from ordinary activities before tax was INR 399.3 million compared to INR 412.0 million a year ago. Net profit from ordinary activities after tax was INR 300.7 million or INR 12.34 per basic and diluted share before and after extraordinary items compared to INR 277.6 million or INR 11.39 per basic and diluted share before and after extraordinary items a year ago.
Agro Tech Foods Limited is an India-based company that is primarily engaged in the business of manufacturing and trading of edible oils and food products. The Company's product categories include ready to cook snacks, ready to eat snacks, spreads & dips, breakfast cereals and chocolate confectionery. Ready to cook snacks include instant popcorn, microwave popcorn, diet popcorn, sweet corn, and kits and sauces. Ready to eat snacks include popcorn, extruded snacks, nachoz, and peanuts and chana. Its spreads include peanut butter, peanut spreads, choco spreads and hummus. Its chocolate confectionery includes Duo Coconut, Duo Peanuts, and a Duo Gift Box. Its staples include edible oils, Sundrop heart plain oats, and Sundrop heart almonds. Its oils include Sundrop Heart, Sundrop Nutrifit, Sundrop Lite and Sundrop Nutrilite, among others. Its subsidiaries include Sundrop Foods India Private Limited, Agro Tech Foods (Bangladesh) Pvt. Ltd, Sundrop Foods Lanka (Private) Limited, and others.