Agrinurture net profit surges to P 355M | Inquirer Business

Agrinurture net profit surges to P 355M

By: - Reporter / @kocampoINQ
/ 04:00 AM November 17, 2020

Listed international trading firm AgriNurture Inc. (ANI) saw its nine-month net income rise by 510 percent to P355.21 million from P58.92 million in the same period last year, mostly driven by the significant increase in its local sales especially during the start of the enhanced community quarantine.

While the ANI group’s revenue for the period decreased by 12 percent due to logistical challenges caused by the coronavirus pandemic, it was able to increase sales as lockdowns were gradually eased and lifted.


More than half or 58 percent of ANI’s sales were generated from its operations in the Philippines, while the rest came from overseas, particularly China and Hong Kong. The company also has a presence in Europe and Australia. INQ

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Agrinurture, AgriNurture Inc. (ANI), Business
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2021 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.