Company Profile For Karuturi Global Limited

Karuturi Global Limited is an India-based company. The Company is a producer of cut roses with an area of over 200 hectares under Greenhouse cultivation and an annual production capacity of around 500 million stems. Its produce is exported to markets, such as Holland, Germany, United Kingdom, Italy, Singapore, Hong Kong, Taiwan, Bahrain, Muscat, Dubai, Australia, Japan, New Zealand, Brunei and North America, with a small portion sold in India. It also has interests in agribusiness, where it has taken up cultivation in Ethiopia. Its other business interests include food processing, floriculture retailing, and information technology. Its subsidiaries include Karuturi Overseas Limited, Flower Express FZE, Karuturi Telecom Private Limited, Karuturi Flower Xpress Private Limited, Karuturi Foods Private Limited and Karuturi Floritech Private Limited.

BRIEF: For the six months ended 30 September 2009, Karuturi Global Limited's revenues increased 18% to RS2.47B. Net income before extraordinary item increased 22% to RS741.4M. Revenues reflect an increase income from operations and higher other income. Net income also reflects a decrease in other expenditure and lower interest & financial charges. The Company is a world leader in production of cut roses in Ethiopia, Kenya and India.