Kosher food specialist G. Willi-Food has booked an increase in full-year profit, boosted by an increase in demand for kosher foods and expanded sales volume of higher-margin products.
Earnings in the 12 months to the end of December climbed 29.6% to NIS24m (US$6.4m), the company reported today (18 March). Operating profit was up 37.3% to NIS23.5m
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The company said it grew profits despite pressure imposed by supermarket chains to reduce prices and despite pressures in global commodity costs.
Sales in the period amounted to NIS286.5m, an 8.4% increase on the prior year period.
“We were able to achieve sales growth through successfully launching new items into our product line, as well as increasing sales of existing products to new and existing customers, while controlling SG&A expense growth,” chairman Zwi Williger said.
