date:Mar 20, 2014
and Specialty Fine Ingredients activities) net of one-time expenses for acquisitions in the amount of US$1.8 million, increased by 12.7% reaching US$252.5 million. Gross margin of core business (net of one-time expenses) reached 39.8% compared with gross margin of 37.6% in 2012.
Gross profit of all Frutarom activities (net of one-time expenses) increased by 14.1% reaching an annual record high of US$258.5 million (38.4% of revenues) compared with US$226.7 million (36.7% of revenues) in 2012.