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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
Strauss Group   4.2% organic sales growth
Organic sales growth, excluding foreign exchange effects, was 2.5%. Shekel sales were NIS 7.6 billion compared to NIS 8.1 billion in the corresponding period last year, and reflected NIS 635 million negative translation differences as a result of the continued strengthening of the NIS versus other functional currencies of the Group.

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.


 

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