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.- 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