Agro Tech Foods, an affiliate of US-based ConAgra Foods, one of the largest food companies in the world, has reported a 16% rise in December quarter profits to Rs 13.06 crore on sales of Rs 219.90 crore. Last year, Agro Tech reported profit of Rs 11.23 crore on sales of Rs 180.84 crore.
Shares of Agro Tech were up 1.51% on the Bombay Stock Exchange (BSE) to Rs 517.65 following announcement of results. The BSE Sensex has been down since morning, trading at 19,946.97.
For the nine months ended December 2012, Agro Tech reported a net profit of Rs 27.76 crore on income of Rs 583.77 crore against a net of Rs 23.92 crore on earnings of Rs 529.3 crore last year.
