ANI’s Q1 sales, profits up

0
213

MANILA — AgriNurture Inc. (ANI), the listed firm of agri-entrepreneur Antonio Tiu, posted net profits of over P40-million for the first quarter of 2021, up 26 percent compared to Q1 2020 on the back of strong sales of its food and beverage products.

Based on its latest disclosure to the Philippine Stock Exchange, ANI’s consolidated sale of goods and services amounted to more than P1.2 billion during the period, up 45 percent over the same quarter last year.

As a result, the company posted gross profits of P160.5 million, up one percent from P158.57 million a year ago as revenue for both local and foreign operations increased despite the difficult business environment due to COVID…

Keep on reading: ANI’s Q1 sales, profits up