Revenue in the second quarter of fiscal 2013 for the Company’s Amira and third party branded products was 98.5% of total revenue, compared to 86.2% of total revenue, for second quarter of fiscal 2012. Sales of bulk commodity products to institutional customers in the second quarter of fiscal 2013 contributed 1.5% of total revenue, compared to 13.8% of total revenue, for the second quarter of fiscal 2012.Cost of materials including change in inventory of finished goods increased $11.7 million, or 23.6%, to $61.2 million in the second quarter of fiscal 2013 from $49.5 million in the same period last fiscal year. This increase primarily reflects the growth in Company’s revenue. As a percentage of revenue, cost of material decreased to 77.1% in the second quarter of fiscal 2013 as compared 80.3% to in the second quarter of fiscal 2012.
Amira Nature Foods Ltd Announces Second Quarter Fiscal Year 2013 Financial Results
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