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Amira Nature Foods receives new contract of $6M

Jun. 05, 2019 11:16 AM ETAmira Nature Foods Ltd. (ANFIF) StockBy: Akanksha Bakshi, SA News Editor
  • Amira Nature Foods (ANFI +9.4%) announces a new contract to supply rice to a customer in the Europe, Middle East, and Africa region in the amount of $6M.
  • Company expects to recognize the benefit of this contract in the FY20.
  • “We are extremely pleased to announce this development, which along with our previously announced customer orders, amounts to over $57mn in revenue. This equates to securing 29% of our forecasted $200mn of FY2020 revenue just 63 days (17%) into the fiscal year”, stated Karan A. Chanana, Amira’s Chairman.

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