Israeli food manufacturer Osem, in which Swiss food giant Nestlé holds a 50.1% stake, has reported first quarter net profit of NIS31.7m (US$7.2m), compared to NIS29.6m in the year-ago period. The company’s revenue rose to NIS586.7m for the first quarter of 2003, compared to NIS546.4m in the first quarter of 2002.
Israeli food manufacturer Osem, in which Swiss food giant Nestlé holds a 50.1% stake, has reported first quarter net profit of NIS31.7m (US$7.2m), compared to NIS29.6m in the year-ago period.
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