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Amira Nature Foods posts 124.5% surge in Q1 net income

Dubai-based provider of packaged Indian specialty rice, Amira Nature Foods has announced its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) jumped 42.4% in the first quarter ended June 30, 2013, to $14.5m, compared with $10.2m. Profit after tax during the quarter surged 124.5% to $7.3m, compared with $3.3m a year earlier. Revenue increased 37.6% to $110.3m from $80.2m in the first quarter of fiscal 2013.