date:Nov 21, 2012
Net profit at Israeli food and drinks maker Strauss Group rose 14.5 percent in the third quarter, boosted by higher sales of coffee and its spreads and dips joint venture with PepsiCo.
Quarterly net profit excluding one-time items rose to 69 million shekels ($17.6 million) from 61 million a year earlier, Strauss said on Wednesday.
Sales rose 3.1 percent to 2.1 billion shekels, buoyed by a 2.7 percent rise in its coffee business and a 34.2 percent jump in sales at its Sabra joint venture with P