Why Amira Nature Foods (ANFI) Stock Is Soaring In After-Hours Trading

NEW YORK (TheStreet) -- Shares of Amira Nature Foods Ltd. (ANFI) are higher by 17.60% to $15.30 in after-hours trading on Monday after the company reported a 33% increase in revenue to $186.6 million for the 2014 fourth quarter, compared to $140.2 million for the same quarter in 2013.

The company, which is a provider of packaged Indian specialty rice, posted a 45.5% increase in adjusted EBITDA to $26.4 million, versus $18.1 million from the 2013 fourth quarter.

Amira Nature Foods' earnings per share was 47 cents for the most recent quarter, compared to 24 cents from the year ago period.

Must Read: Warren Buffett's 25 Favorite Stocks 


The company also reported its full year 2014 financial results which showed a 32.3% increase in revenue to $547.3 million, compared to $413.7 million from full year 2013.

Adjusted EBITDA rose 44% to $75.5 million this year, compared to $52.4 million last year.

Basic and diluted earnings per share for 2014 were $1.40, versus 63 cents for full year 2013.

Separately, TheStreet Ratings team rates AMIRA NATURE FOODS LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

If you liked this article you might like

Amira Nature Foods (ANFI) Is Weak On High Volume Today

Amira Nature Foods (ANFI) Weak On High Volume Today

Amira Nature Foods (ANFI) Strong On High Relative Volume Today

Amira Nature Foods (ANFI) Is Weak On High Volume Today

Jim Cramer's 'Mad Money' Recap: This Week's Game Plan