Israel food importer G. Willi-Food said today (16 October) that it expects revenues for the first nine months of 2008 to increase by about 43% over last year.

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The increase in revenues is primarily due to the consolidation of the financial results of Shamir Salads and the Danish dairy distributor division into its balance sheet, the company said.


 


Organic growth from its Gold Frost and Willi-Food divisions in Israel also contributed to the results.

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“We continue to deliver revenue growth in a challenging environment. By and large, our organic growth has been strong and our acquisition strategy effective, and we have achieved significant double-digit revenue growth. The company is currently on track with our projection to grow full year 2008 sales to be in excess of NIS330m (US$100m).”