Huge rip for Amira Nature Foods after blowout quarter

|About: Amira Nature Foods (ANFI)|By:, SA News Editor

A smashing quarter from Amira Nature Foods (ANFI) has raised the bar of expectations for investors.

The company struck significant margin gains in the quarter on lower cost of materials. As a percentage of sale, cost of materials fell 400 bps to 73.7%.

ANFI +27.6% premarket to $16.60.