Israeli food maker Osem, which is 50.1% owned by Swiss food giant Nestlé, has reported fourth-quarter net profit of NIS33.3m (US$7.1m), compared to NIS30.7m a year earlier. The company's revenue was NIS559.0m in the fourth quarter of 2002, up from NIS545.1m in the year-ago period. Fourth-quarter operating profit was NIS50.8m, compared with NIS43.9m a year earlier.