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Frutarom Reports Record Quarterly Profits

4:57 AM MDT | May 30, 2012 | Sotirios Frantzanas

Frutarom Industries (Herzelia, Israel), a leader in flavors and ingredients, says sales and net profits increased 24.9% and 3% year over year, to $151.2 million and $13.1 million, respectively, in the first quarter of 2012. Operating profits and Ebitda increased 7.3% and 16.3% in the first quarter of 2012, to $17.8 million and $25 million, respectively, the company says. Net profits and Ebitda were at a record quarterly high in the first quarter of 2012, and operating profits reached a first-quarter record, Frutarom says. Frutarom continued its growth strategy...

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