Japanese seasonings and food maker Ajinomoto has reported a jump in profits for the first six months of its fiscal year.
Net income for the period 1 April to 30 September rose from JPY20.7bn (US$169.9m) to JPY42.5bn.
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Operating income increased 68.2% to JPY48m due to factors such as making AGF a consolidated subsidiary, in addition to "substantial increases" in income from animal nutrition and seasonings and processed foods.
Sales benefited from growth in sales of seasonings and processed foods and an increase in animal nutrition sales. Sales rose 26% to JPY589.8bn.
Sales were up from both Ajinomoto's Japan Food Products and International Food Products divisions.
Ajinomoto has raised its full-year outlook for operating income to JPY86m from a previous forecast of JPY82m. It is also expecting EPS to grow to JPY114.72 per share compared with JPY109.83.
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By GlobalData
