Agro Tech Foods Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 23, 2013 at 10:32 pm IST
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Agro Tech Foods Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, net sales/income from operations was INR 2,199.0 million compared to INR 1,808.4 million a year ago. Total income was INR 2,204.6 million compared to INR 1,815.8 million a year ago. Profit from operations before other income, Interest and exceptional item was INR 185.1 million compared to INR 139.0 million a year ago. Profit from ordinary activities before tax was INR 192.7 million compared to INR 144.2 million a year ago. Net profit was INR 130.6 million or INR 5.36 per basic and diluted share compared to INR 112.3 million or INR 4.61 per basic and diluted share a year ago.
For the nine months, net sales/income from operations was INR 5,824.2 million compared to INR 5,273.8 million a year ago. Total income was INR 5,837.7 million compared to INR 5,293.8 million a year ago. Profit from operations before other income, Interest and exceptional item was INR 386.5 million compared to INR 320.4 million a year ago. Profit from ordinary activities before tax was INR 412.0 million compared to INR 336.0 million a year ago. Net profit was INR 277.6 million or INR 11.39 per basic and diluted share compared to INR 239.2 million or INR 9.81 per basic and diluted share 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.