date:May 29, 2013
Israeli food and drinks maker Strauss Group posted sharply higher first quarter net profit, boosted by income at its international coffee and its spreads and dips operations as well as by lower expenses and streamlining measures.
The company said on Monday its net profit excluding one-off items jumped to 103 million shekels ($27.8 million) from 65 million in the same period last year.
Sales slipped 2.5 percent to 2.0 billion shekels due to a 13 percent erosion in the value of the Brazilian rea