date:May 27, 2013
Israeli food maker Osem Investments said on Sunday its first-quarter net profit edged up 1 percent, boosted by efficiency measures and a decline in financing expenses.
Osem, 58.8 percent owned by Swiss food company Nestle , posted quarterly net profit of 94.59 million shekels ($25.6 million), compared with 93.65 million a year earlier.
Efficiency measures taken by the company focused on cost savings in production.
Revenue fell 1.4 percent to 1.01 billion shekels due to the timing of the Passo