ISRAEL: Nestlé's Osem sales rise, net profits fall
Owing to efficiency measures undertaken by Osem in 1999, Israel's largest food manufacturer registered in 2000 sales returns amounting to £333m, a 3% increase over 1999. The company, in which Nestlé has a controlling stake, reported an 8% increase in operating profits for the 4th quarter, to £5.5m, and net profits rose by 14.5% to £5.1m, according to a report in
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