Amira Nature Foods Ltd Reports Revenue Results for the Six Months Ended September 30, 2018; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
The company provided earnings guidance for the fiscal year ended March 31, 2020. The company reiterated its $200 million revenue guidance for the 2020 fiscal year ending March 31, 2020. Going forward, the company's focus will be on strengthening its international business and as such the 2020 fiscal year $200 million revenue guidance consists solely of international revenue (ex-India). The company also recently announced revenue of $42 million from a repeat customer in the Europe, Middle East, and Africa region, which the company expects to recognize in the 2020 fiscal year ending March 31, 2020.