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Frutarom reports sales and profits fall

This article was originally published in Foodnews

FRUTAROM, the Israeli flavours and fragrances company, has posted sales of US$106.7 million, with a net profit of US$10.1 million, in the second quarter of this year. Gross profit in the quarter totalled US$39.4 million compared with US$49.7 million in the same quarter last year. In dollar terms, sales in the second quarter of 2009 decreased by 19.5% compared to the same period last year, and decreased by 19.4% in the first quarter of 2009 compared to the same time last year.


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