ISRAEL/US: G. Willi-Food enjoys robust Q1

By just-food.com | 30 May 2007

Kosher food producer G. Willi-Food has posted robust first-quarter results thanks in part to the acquisition of US importer Laish Israeli.

The company saw underlying operating profits leap 59% to US$2.4m with sales climbing 31% to $17.2m.

G. Willi-Food said the results were "driven by the consolidation of Laish Israeli and the joint venture with the Baron Family, as well as by a strong overall Passover holiday season".

President and COO Zwi Williger said: "We increased sales among both new and existing customers in Israel with our innovative products, and enhanced global penetration with our newly integrated international activities."

Companies: G. Willi-Food