Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Wall Street's Augury: Amira Nature Foods Ltd (NYSE:ANFI)

|Includes: Amira Nature Foods (ANFI)

https://static.seekingalpha.com/uploads/2014/5/25/saupload_crwe_pr_finance_wall_street.jpg

https://static.seekingalpha.com/uploads/2014/6/16/saupload_anfi.jpg Amira Nature Foods Ltd. (NYSE:ANFI)

Keep a close eye on ANFI. The company reported a solid performance on its financial results, highlighted by strong growth in sales, improved operating margins and nearly doubled income.

For the fourth quarter fiscal 2014, ANFI posted revenue of $186.6 million, a 33.0% increase year over year, adjusted EBITDA of $26.4 million, a 45.4% increase compared to the same period the prior year, adjusted profit after tax of $16.8 million, increased 97.2% versus the comparable period the prior year, and adjusted earnings per share of $0.47 compared to $0.24 in the fourth quarter of fiscal 2013.

For the full year fiscal 2014, ANFI's revenue increased 32.3% to $547.3 million, adjusted EBITDA increased 44.0% to $75.5 million, adjusted profit after tax, which excludes non-cash expenses for share based compensation of approximately $2.9 million, increased 93.2% to $41.0 million, all compared to the full year fiscal 2013

According to its business outlook, for fiscal 2015 ANFI expects revenue and Adjusted EBITDA to increase by more than 20%. ANFI maintains its long term outlook for $1 billion in revenue and $150 million in Adjusted EBITDA as has been previously communicated to investors as part of its initial public offering. This outlook is based on current foreign exchange rates.

https://static.seekingalpha.com/uploads/2014/6/16/saupload_anfich.jpg

ANFI sells Basmati rice, a premium long-grain rice grown only in certain regions of the Indian sub-continent, under their flagship Amira brand as well as under other third party brands. ANFI sells its products primarily in emerging markets through a broad distribution network.

More about Amira Nature Foods Ltd. (ANFI) at www.amirafoods.com.

**

Read Full Disclaimer at www.finance.crwe-pr.com/disclaimer

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.