Israeli food maker Strauss Group has booked an increase in profit for the first half of the year.

In the six months to the end of June, earnings climbed 21.4% to NIS98m (US$24.3m), the company reported today (22 August).

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Finance expenses remained flat at NIS68m, while cash flow from regular activity totalled NIS241m, compared with a negative cash flow of NIS76m in the corresponding period last year.

Operating profit totalled NIS293m, and increase of 20.4% on 2011, which the company attributed to operating profit growth in its Sabra dips division and an improvement in the operating earnings of its coffee division.

Sales in the first half reached NIS4bn, a 10.7% improvement on last year. Organic growth, excluding the impact of exchange rate changes, amounted to 11%.

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