Ingredients company Frutarom has announced higher sales and net profit for the first quarter ended 31 March 2005.
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Sales were US$65m, compared with $44m in the same period last year. Net income rose to $6.8m from $3.6m a year ago.
“The good results are due to both the above-industry-average organic growth in our core activities, the successful integration of Flachsmann’s activity, and the successful completion of the first phase of the integration of the Food Systems activity, said president and CEO Ori Yehudai.
“Frutarom continued to be focused on implementing its rapid growth strategy combining organic growth of core activities, at rates above-industry average, with strategic acquisitions of activities and know-how in its main fields of business and in strategic geographic regions,” he said.
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