Amira Nature Foods Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended of December 31, 2017
Amira Nature Foods Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended of December 31, 2017. For the quarter, the company’s revenue of $160,867,348 compared to $143,550,739 a year ago. Profit before tax was $10,534,758 compared to $10,366,247 a year ago. Profit after tax was $11,252,281 compared to $10,276,345 for the prior year period. Profit attributable to equity shareholders was $9,110,660 compared to $8,261,337 a year ago. Basic and diluted EPS was $0.26 per share compared to $0.28 for the prior year period. EBITDA was $19,806,129 compared to $18,285,873 a year ago. Adjusted EBITDA was $22,248,377 compared to $18,815,340 a year ago. Adjusted profit after tax was $13,694,527 compared to $10,805,812 a year ago. Adjusted earnings per share were $0.33 per share compared to $0.29 per share a year ago.
For the nine months, the company’s revenue of $389,796,984 compared to $354,475,423 a year ago. Profit before tax was $23,615,847 compared to $20,834,958 a year ago. Profit after tax was $22,775,059 compared to $20,310,732 for the prior year period. Profit attributable to equity shareholders was $18,361,562 compared to $16,049,002 a year ago. Basic and diluted EPS was $0.55 per share compared to $0.54 for the prior year period. Net cash used in operating activities was $791,031 compared to $13,086,349 a year ago. Purchase of property, plant and equipment was $431,815 compared to $212,954 a year ago. EBITDA was $50,684,176 compared to $43,540,685 a year ago. Adjusted EBITDA was $53,544,623 compared to $46,261,649 a year ago. Adjusted profit after tax was $25,635,505 compared to $23,031,696 a year ago. Adjusted earnings per share were $0.64 per share compared to $0.63 per share a year ago. Net debt was $228,269,670 as on December 31, 2017.