ISREAL: G Willi-Food to report 15% revenue growth
Isreali food importer G Willi-Food International is expecting to report an approximate 15% revenue growth in the fourth quarter of 2005 compared with the fourth quarter of 2004.
Willi-Food president and COO Zvi Williger said: "2005 was a challenging year for Willi-Food, and we believe 2006 will be much better. In the year ahead, we expect to continue ramping up the business, both through growth in our domestic market and by initiating distribution in additional territories."
Willi-Food expects to publish financial results for the fourth quarter and the full year ended 31 December 2005, in late March 2006.
In November 2005, the board of directors of the company declared a cash dividend of US$0.12 per share payable to its shareholders of record as of 11 January 2006 - to be paid two weeks later. The dividend will be paid to the company's shareholders net of taxes, subject to withholding tax at a rate of 20%.
G Willi-Food International imports, markets and distributes more than 400 food products, manufactured by over 100 suppliers throughout the world and has more than 1,000 customers.
The company's reported growth depends on factors such as market acceptance, market demand, pricing, competition and changing economic conditions.
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