Amira Nature Foods Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 17 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.
EPS increased 12.3% year over year from 15 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.9 million, an increase of 13.3% from $4.4 million in the year-earlier period.
The normalized profit margin declined to 3.5% from 4.0% in the year-earlier period.
Total revenue climbed 30.9% on an annual basis to $141.4 million from $108.1 million, and total operating expenses climbed 36.9% from the prior-year period to $124.4 million from $90.9 million.
Reported net income grew 62.6% on an annual basis to $8.4 million, or 29 cents per share, from $5.2 million, or 18 cents per share.
