date:Mar 05, 2013
Engaged in the manufacture and distribution of confectionery products for more than 116 years, Tootsie Roll Industries, Inc. experienced record sales and strong earnings in fiscal 2012 behind effective marketing and selling programs as well as higher price realization, according to the company.
In the year ended Dec. 31, 2012, net income at Tootsie Roll totaled $52,004,000, equal to 89c per share on the common stock, up 18% from $43,938,000, or 74c per share, in fiscal 2011.
Net sales rose 3%