Amira Nature Foods

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Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

B&G Foods hires ex-Amira Nature Foods CFO Bruce Wacha to strategy role

14 Aug 2017

US-based B&G Foods, which owns the Green Giant range of products, has brought in Bruce Wacha as executive vice president of corporate strategy and business development.

Basmati prices weigh on global rice producer Amira's full-year earnings

31 Jul 2017

Amira Nature Foods, a global supplier of Indian rice, posted a drop in full-year profits as key Basmati prices fell and sales of its institutional products declined.

Amira Nature Foods indicates sales recovery in H2

24 May 2017

UAE-based, US-listed rice supplier Amira Nature Foods has claimed "an improved performance" during the second half of its financial year, reporting a return to sales growth.

Amira Nature Foods buys rice brands in Germany

8 Mar 2017

Amira Nature Foods, the UAE-based and US-listed packaged rice supplier, has snapped up a range of brands in Germany.

Amira Nature Foods gets green light for China rice sales

2 Dec 2016

Amira Nature Foods, the UAE-based and US-listed packaged rice supplier, said today (2 December) it had been granted approval to export its basmati rice to China.

Amira Nature Foods books drop in H1 sales

30 Nov 2016

UAE-based and US-listed packaged rice supplier Amira Nature Foods has booked a 9% fall in half-year sales as a result of reduced pricing and the impact of exchange rates on the group's rupee-denominated India business.

Amira Nature Foods sees US court dismiss lawsuit

22 Aug 2016

A court in the US has dismissed a class action lawsuit against Amira Nature Foods stemming from allegations made last year that the rice supplier over-stated its revenue and used funds for personal use.

Amira Nature Foods looking forward after "challenging" fiscal year

1 Aug 2016

Amira Nature Foods, the UAE-based and US-listed packaged rice supplier, has filed its results for the year to the end of March, 12 months that saw a change in auditors and the company fight allegations over its financials.

Amira Nature Foods reports fall in H1 sales

27 Apr 2016

Amira Nature Foods, the UAE-based packaged rice supplier, has revealed a 17% fall in half-year sales in a set of accounts delayed by a change in auditors and allegations over the company's financials.

Amira partners with MAN Consumer for UAE expansion 

29 Feb 2016

Amira Nature Foods has entered a signed a deal with United Arab Emirates-based distributor MAN Consumer to grow the rice maker's distribution in the country.

Food industry quotes of the week - Kraft Heinz, Nestle

14 Aug 2015

This week, Kraft Heinz Co. announced it was axing 2,500 jobs as it moves to "streamline" its structure. Elsewhere, Nestle reported its first-half numbers and cautiously indicated some improvement in China.

Amira files lawsuit for damages against Prescience Point

12 Aug 2015

Amira Nature Foods has filed a lawsuit against Prescience Point Research Group seeking damages and injunctive relief after the financial research firm alleged the rice supplier had cooked the books and used company funds for personal use.

Food industry results in brief - Hilton, Beingmate, Finsbury

17 Jul 2015

Chinese food group Beingmate and Yurun Food this week issued profit warnings as the economic slowdown in the country takes its toll on food makers. In the UK, Hilton Food Group was hampered by the strength of sterling but, on a more upbeat note, UK cake maker Finsbury Food Group said it will "outperform" expectations. Here are this week's results in brief.

Briefing: Middle East: The potential for organic food

10 Apr 2015

The demand for organic food in the Middle East and North Africa is increasing, in part, prompted by ex-pat consumers. However, at present, the sector is only valued at US$110.1m compared to mature markets like the US, where organic food is worth billions. However, there is also a reliance on imports, pointing to some opinion that there is a big opportunity for international organic food manufacturers. Hannah Abdulla explores.

Amira Nature Foods books higher 9M sales, profit

2 Mar 2015

US-listed rice supplier Amira Nature Foods, which has been accused of corruption, has reported an increase in revenue and profits for the first nine months of its financial year.

Amira claims rival's support against corruption allegations

18 Feb 2015

Amira Nature Foods, the US-listed rice supplier facing allegations of corruption, has issued a statement from India-based rival KRBL distancing itself from the claims and supporting the business.

Food industry quotes of the week: Mondelez, Kellogg, Amira

13 Feb 2015

It was a week of numbers on just-food, with PepsiCo, Kellogg, Flowers and Kraft all issuing a mixed bag of financial results. We were also present at Gulfood in Dubai this week, reporting on companies looking to make their mark in the Middle East. Elsewhere, Amira Nature Foods was caught up in corruption allegations and investment firm Arlon announced the acquisition of a stake in Brazilian frozen veg maker Grano Alimentos.

Food industry news of the week: Amira, Kellogg, ConAgra

13 Feb 2015

Campbell Soup Co., ConAgra Foods and Kellogg all indicated they are finding the going tough in the US this week with cuts to financial forecasts. Away from the results, however, it was global rice supplier Amira Nature Foods that grabbed the headlines after being accused of corruption.

UPDATE: Amira hits back at "fictitious" corruption allegations

10 Feb 2015

US-listed rice supplier Amira Nature Foods has described claims of corruption at the business as "malafide" and "fictitious".

Amira Nature Foods faces corruption allegations

10 Feb 2015

Amira Nature Foods stock lost more than one-quarter of its value in New York yesterday (9 February) after allegations emerged that management breached listing rules by cooking the books and using company funds for "personal use".

Gulfood 2015: Amira showcases organic range in Dubai

9 Feb 2015

Amira Nature Foods has announced the launch of an organic range in the Middle East.

Amira Nature Foods ups sales, EBITDA forecasts

2 Jan 2015

US-listed rice supplier Amira Nature Foods has lifted its forecasts for annual sales and adjusted EBITDA, thanks, it said, to continued international expansion.

Amira Nature Foods posts H1 profit jump

25 Nov 2014

Rice processor Amira Nature Foods has reported an increase in half-year profits on the back of higher sales.

Food industry news of the week: Mondelez, Olam, Just Mayo

14 Nov 2014

Mondelez International made a notable investment in Asia with a deal to buy 80% of the snacks arm of Vietnamese group Kinh Do. Staying in Asia, Singapore's Olam International revealed it was in talks over "corporate development opportunities" - and we continued our run of interviews, featuring rice supplier Amira Nature Foods, Finnish dairy group Valio and Canadian dairy-free firm Daiya Foods.

SIAL 2014: Interview: Amira targets growth as a "global food brand"

11 Nov 2014

Rice supplier Amira Nature Foods is aiming to grow the global presence of its Amira brand from the group's stronghold in the Indian market. Amira believes it can capitalise on the "white space" represented by branded basmati rice - as well as diversifying into other food categories. Katy Askew spoke to Tobias Strerath, Amira business development director, to learn more.

US: Rice firm Amira posts Q1 profit increase

29 Aug 2014

An increase in volumes sold globally has lead to rice manufacturer Amira Nature Foods posting a 25% increase in profits for the first quarter of 2014/2015.

INDIA: Amira secures listings in Ratnadeep supermarkets

22 Jul 2014

Rice manufacturer Amira Nature Foods has announced the launch of a range of products in Ratnadeep supermarkets in India.

UK: Amira secures Tesco listing

19 Jun 2014

Rice manufacturer Amira Nature Foods is pressing forward with expansion plans, announcing its launch into UK supermarket Tesco.

US: Shares in Amira jump on FY profit climb

17 Jun 2014

Shares in Amira Nature Foods jumped today (17 June) after the rice manufacturer said its annual profits had almost doubled.



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