| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » General News » Topic

Israel's Osem Q4 net profit up 18.6 pct, sales up

Zoom in font  Zoom out font Published: 2014-03-18  Views: 10
Core Tip: Israeli food maker Osem Investments posted an 18.6 percent rise in quarterly net profit due to higher sales, efficiency measures and lower financing expenses.
Israeli food maker Osem Investments posted an 18.6 percent rise in quarterly net profit due to higher sales, efficiency measures and lower financing expenses.

Osem, 63.7 percent owned by Swiss food company Nestle , said on Monday fourth-quarter net profit rose to 90.4 million shekels ($26.11 million) from 76.2 million a year earlier.

Sales rose 2.4 percent to 1.04 billion shekels.

Osem said the rise was due to deeper penetration of Nestle products, an expansion into new sectors in Israel and abroad and steps to boost efficiency and cut costs.

 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)