AgFeed Industries Reports Q3 Financial Results

• Revenue grew year over year by 316% to approximately $49.4 million from $11.9 million



• Gross Profit increased 279% year over year to $12.3 million from $3.2 million



• Comprehensive Income increased by 279% to $8.5 million for the third quarter of 2008 from $2.3 million for the third quarter of 2007



• Income from Operations of $9.3 million, an increase of 353% from 2007 period



• Net Income of $8.2 million, up 296% from 2007 Q3 Net Income of $2.1 million and 110% from 2008 Q2 Net Income of $3.9 million



• Earnings per Share of $0.25, up 222% from 2007 Q3 Earnings per Share of $0.08

ThePigSite News Desk

Sign up for our
regular news updates

Related news items:

•    Third TOPIGS Import into China in Three Months
•    OleoServ Takes over Harles & Jentzsch Assets
•    Public Resistance Ousts GM Crops From EU
•    Nutreco Achieves Excellent Progress in 2011
•    New Zealand Pork Seeks New CEO

Related News Categories: Feed and Nutrition, Company/Products

Sign up for our
regular news updates

More of the latest Pig Industry News

•   CME: Changes for Beef, Pork & Poultry Supplies
•   Action Taken to Ramp Up Abattoir Inspections
•   FAO Food Price Index Rebounds in January
•   US Pork Export Forecast is Unchanged
•   Animal Welfare: The Right Thing to Do
•   Two Cases of ASF in Wild Boar
•   2011 Pork Imports Higher Than a Year Ago
•   New Way to Map Drought and Water Use
•   Nutreco CEO to Step Down at End of 2012
•   Importers Face High Stocks & Weak Demand