Specialized investment company Sino Agro's revenues jumped 27 percent in Q1 of this year as compared to last year, the company said Monday, when it announced its first quarter earnings.
The Chinese company had revenues of $70.6 million (€64.3 million) from January through March of this year, as compared to $55.8 million (€50.8 million) during the time frame in 2016, it said.
The results reflect the carve-out of Sino Agro's aquaculture operations in early March.
Income from the carved-out company, Tri-Way Industries, is reported as "income from unconsolidated equity investee."
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