Expansion Dreams of LT Foods
LT Food firm shall now acquire two countries where its products are going to be exported. The Rice N Spice, which was founded in the year 2002, is one of the major suppliers of rice, spices, lentils, nuts besides many other Asian food products and brands to the markets of Europe and England.
It is also a distributor of Basmati rice brands such as RNS, Devaaya, Sunbul, Falak as well as other food products such as Maniarr’s, Rajdhani and Cremica.
The LT Foods firm was established in the year 1990 and they are in to the processing and sale of rice under the brand name ‘Daawat’. Besides this, it also manufactures parboiled rice. The products of this firm are sent to as many as 50 nations and as much as 60% of the revenues are collected from exports.
LT Foods has disclosed that they are on a declining profit rate. The net profit has come as low as by 59.1%. This decline has come after the rise that the firm had previously experienced in the third quarters of the years 2009 and
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