date:Nov 25, 2013
Israeli food maker Osem Investments posted a 4.3 percent rise in adjusted quarterly net profit on higher sales.
Osem, 58.8 percent owned by Swiss food company Nestle , said on Sunday third-quarter net profit excluding a one-time tax expense, rose to 105.1 million shekels ($29.5 million) from 100.8 million a year earlier. Including the tax expense net profit was 101.3 million shekels.
It attributed the improved profitability to deeper penetration of Nestle products, an expansion into new activi