date:Mar 20, 2014
S$70.2 million (36.6% of revenues) compared with US$51.5 million (35.5% of revenues) in Q4 2012.
The organic growth in sales, the improvement in the product mix of Frutarom's core business and stability in the prices of the raw materials Frutarom uses in the manufacture of its products contributed to the improved gross profit and margin. The effect of the actions taken by Frutarom in order to utilize the many operational synergies resulting, among others, from recent acquisitions, has only part