Strauss Group operating profit increased 11.3%Staff writer ▼ | March 22, 2016
Strauss Group, an Isreali food and beverages group, reported fourth quarter 2015 results: 4.2% organic sales growth excluding foreign currency effects and operating profit up 11.3%.
Strauss Group 4.2% organic sales growth
Gross profit was NIS 2,829 million (37.0% of sales), down 9.3% compared to the corresponding period last year. Gross margins were down 1.3%.
Operating profit (EBIT) was NIS 659 million (8.6% of sales), down 11.6% compared to the corresponding period last year. EBIT margins were down 0.6%.
EPS for shareholders of the Company were NIS 2.73, down 21.4% compared to the corresponding period.
Cash flows from operating activities totaled NIS 516 million, compared to NIS 561 million last year. ■