Israeli food manufacturer Osem, in which Swiss food giant Nestlé holds a 50.1% stake, has reported first quarter net profit of NIS31.7m (US$7.2m), compared to NIS29.6m in the year-ago period.
The company’s revenue rose to NIS586.7m for the first quarter of 2003, compared to NIS546.4m in the first quarter of 2002.
Operating profit increased to NIS52.6m from NIS44.0m a year earlier.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
