Israeli flavour and ingredients firm Frutarom has posted sales of US$61.7m for the second quarter of 2005, up 50.5% compared to the same period of the previous year.
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Net profit was $8.4m, up 86.9% from a year earlier, while operating profit was up 91.1% to $11.6m.
Frutarom said the strong results were due to the successful implementation of its rapid growth strategy, combining organic growth in core activities with strategic acquisitions of activities and know-how in the company’s main fields of business and in strategic geographic regions.
