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AgFeed Industries Reports Q3 Financial Results

by 5m Editor
13 November 2008, at 7:10am

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.

  • 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