date:Mar 27, 2014
Net profit at Israeli food and drinks company Strauss Group rose in the fourth quarter, boosted by higher sales at its dips and spreads joint venture with PepsiCo as well as cost cutting measures.
Strauss on Wednesday posted quarterly adjusted net income of 70 million shekels ($20.1 million), up from 68 million a year earlier as sales fell 1.4 percent to 2.07 billion shekels. Organic sales growth excluding exchange rate effects was 5.4 percent.
Strauss, a maker of snacks, fresh foods and coffe