Growth at FrutaromThis article was originally published in Foodnews
ISRAELI flavours and ingredients house Frutarom has posted another consecutive year of increase in its full-year 2008 results. Sales for the 12 months grew 28.5% to US$473.3 million, and net profit rose 53.9% to US$37.2 million. The good performance was attributed to strong organic growth in sales of flavours and speciality ingredients, as well as the successful integration of seven acquisitions throughout 2007. The financial slowdown did have an effect on fourth quarter sales, however, which declined 1% to US$98.7 million, though net profit still saw an increase of 25.8% to US$6.0 million.