trending Market Intelligence /marketintelligence/en/news-insights/trending/rPURBVGPb3n-gT4c8g7E0Q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Freshtrop Fruits fiscal Q1 profit climbs 53.5% YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Freshtrop Fruits fiscal Q1 profit climbs 53.5% YOY

Freshtrop Fruits Ltd said its normalized net income for the fiscal first quarter ended June 30 was 5.26 Indian rupees per share, a gain of 47.3% from 3.57 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 63.9 million rupees, a gain of 53.5% from 41.6 million rupees in the prior-year period.

The normalized profit margin rose to 9.8% from 7.7% in the year-earlier period.

Total revenue climbed 20.6% on an annual basis to 654.6 million rupees from 542.7 million rupees, and total operating expenses rose 16.5% on an annual basis to 551.0 million rupees from 473.1 million rupees.

Reported net income rose 51.8% from the prior-year period to 68.3 million rupees, or 5.62 rupees per share, from 45.0 million rupees, or 3.86 rupees per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.