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.

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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:

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