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AgriNurture Inc. (ANI) registered a 200-percent increase in profit in the first nine months of the year to P1.2 billion from P389.73 million in the same period last year.
ANI said it realized a P955.92 million fair value gain on valuation of investment property that boosted the profit growth significantly.
The company said sales reached P3.62 billion, up 21 percent from last year’s P2.99 billion.
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Philippine operations contributed 47 percent of topline while sales from foreign operations accounted for the rest.
“Local distribution sales posted an increase of 120 percent to P490.79 million from P223.52,” ANI said.
