AgFeed Industries Reports Q3 Financial Results

CHINA - AgFeed Industries, Inc. China's largest commercial hog producer and the largest premix feed company, today announced record financial results for the quarter ended September 30, 2008.
calendar icon 13 November 2008
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  • 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
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