Strauss

Food and beverage maker Strauss Group has reported its annual results, revealing a large rise in  profits. The company announced a 39.1% rise in net income to 329m shekels ($94.3 million) for 2013, while EBIT grew 23% to 769m shekels  ($221.3 million). President Gadi Lesin highlighted the Brazilian coffee unit Tres Coracoes as well as Sabra, its US dips joint venture with PepsiCo. International dips is spreads are a relatively new market …

Strauss Group, a manufacturer of food and drinks products, has reported a 17% rise in its quarterly profits. The rise is largely attributable to strong performance in the company’s international coffee and spreads and dips businesses, Reuters reports. Strauss announced on Tuesday that earnings for the third quarter where in the order of 81 million shekels (approx $22.8m) dollars excluding one-time items, compared with 69 million shekels (approx $20.5m) a year …