Frutarom earnings rise 3% on acquisitions
date:May 31, 2012

Sales increased nearly 28% to $151.2 million from $121 million in the first quarter of fiscal 2011.

Operating profit was a first-quarter record of $17.8 million, which compared with $16.6 million a year ago.

This quarter we continued our successful implementation of our rapid growth strategy, combining internal growth with acquisitions, again recording quarterly highs for the company, said Ori Yehudai, president and chief executive officer. Record highs were achieved in gross revenues, EBITDA
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