Strauss posts higher profit on static revenue

Giora Bardea  photo: Tamar Matsafi

Food company Strauss Group's second quarter profit rose 15.4% to NIS 127 million.

Israeli food company Strauss Group Ltd. (TASE:STRS), headed by Giora Bardea, released its second quarter financial this morning, showing a rise in operating profit and a lower tax expense, partly offset by a higher finance expense, leading to a 15.4% rise in net profit from NIS 110 million in the second quarter of 2018 to NIS 127 million in the current quarter.

Revenue, however, grew by just 0.8% in the second quarter, to NIS 1.33 billion. Gross profit rose 2.8% to NIS 588 million.

Published by Globes, Israel business news - en.globes.co.il - on August 13, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

Giora Bardea  photo: Tamar Matsafi
Giora Bardea photo: Tamar Matsafi
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