Agro Tech Foods Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 18, 2017 at 05:35 pm IST
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Agro Tech Foods Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, net sales/income from operation was INR 2,075.7 million against INR 2,022.0 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 133.3 million against INR 115.2 million a year ago. Profit from ordinary activities before tax was INR 124.7 million against INR 95.0 million a year ago. Net profit was INR 82.7 million or INR 3.39 per basic and diluted share against INR 64.2 million or INR 2.63 per basic and diluted share a year ago.
For the nine months, net sales/income from operation was INR 5,988.0 million against INR 5,827.2 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 346.2 million against INR 279.3 million a year ago. Profit from ordinary activities before tax was INR 347.9 million against INR 244.3 million a year ago. Net profit was INR 216.6 million or INR 8.89 per basic and diluted share against INR 161.4 million or INR 6.62 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.