Israeli food maker Strauss Group has booked an increase in full-year earnings, boosted by organic sales growth.
The company said 2012 operating profit rose 9.2% to NIS625m (US$169.8m), while net income edged up by 0.5% to NIS238m in the period.
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Strauss said higher profits were driven by sales gains, particularly in its international dips and coffee businesses. During the year, total sales were up 6.3% to NIS8.2bn. Excluding the impact of currency exchange, organic sales growth totalled 7.1%, the group added.
The company said its result was a reflection of the group’s strategy to expand its international presence in the dips and coffee categories. Strauss added it would continue to drive growth through this focus in the coming year.
