Flavours manufacturer Frutarom’s net profits for the 3rd quarter this year grew 45.2%, reaching US$6.8m, compared with US$4.7m during the same period last year.
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Net margin reached 11.4% in the 3rd quarter of 2005 compared with 9.11% during the same period in 2004. Net profits for the first three quarters of 2005 rose sharply by 72.7% to reach US$22 million compared with US$12.7m in the first three quarters if 2004. Revenue for the 3rd quarter of 2005 was US$59.4m, a 15% increase compared with the same period in 2004. Revenue for the first 3 quarters of the year was US$191.2m, a 36.7% increased compared with the same period last year.
The integration of the food systems activity acquired from IFF in Switzerland, Germany and France with the Frutarom’s Group global operations contributed to the growth in sales, according to a report in Globes.
