Dubai / UAE. (anf) Amira Nature Foods Limited, a leading global manufacturer, marketer and distributor of branded packaged specialty rice and other related food products, with sales across five continents around the world, announced that it expects to release its 2016/2017 full year audited financial results and its Form 20-F for the fiscal year ended March 31, 2017 in July 2017. Based upon its unaudited financials, the Company generated revenues for the six months ended March 31, 2017 that increased by approximately 2 percent or more from the same six month period of the prior year. Additionally, the Company estimates that its adjusted Ebitda margins for the year will be broadly in line with its historical full year adjusted Ebitda margins.
Bruce Wacha, Amira’s Chief Financial Officer stated, «We are encouraged by the improved performance in the second half of our fiscal 2017. We have reached an inflection point in our business recovery and we are now positioned to report modest growth for the six months ended March 31, 2017 when compared to the same period in the prior year. We continue to focus on growth opportunities and building the business. We look forward to discussing our improved performance for fiscal 2017 and providing our outlook fiscal 2018».
The unaudited prospective financial information presented above is based on unaudited management accounts through March 31, 2017 and is not intended to be a comprehensive statement of the Company’s financial or operational results for the year ended March 31, 2017. In addition, while the Company believes the unaudited prospective financial information to be reasonable, the Company is still finalizing its consolidated financial statements for the year ended March 31, 2017. Accordingly, the Company’s actual results for the year ended March 31, 2017, may vary from the prospective financial information contained above and such variations could be material. As such, you should not place undue reliance on this unaudited prospective financial information, which should not be regarded as an indication that such prospective financial information will be an accurate prediction of future events, and such information should not be relied on as such.
