ISRAEL: Osem reports Q3 profits up, plans expansion
Israeli food manufacturer Osem Investments has reported third-quarter net profit of 36m shekels (US$7.7m), compared with 33.9m shekels a year earlier. The company, which is 50.1% owned by Nestlé, also reported a fall in third-quarter revenues to 592.6m shekels from 625.3m shekels a year earlier.
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