- Israeli food giant Strauss Group reported on Tuesday a net profit rise in third-quarter profits, driven by the growth in its water and coffee business.
In the summer of July and September, the earnings rose 5.7% to 3.3 billion shekels.
It said that its market share jumped 0.4% to 11.3%.
Trade & production in central and eastern Europe rose wildly from its previous year on 9.55 million shekels, and rose 13.9% excluding foreign exchange effects. Strauss is one of Europe's leading oil and gas markets, and is a sexy producer with a low margin of 77.2% despite eroded profits.
Sales at Strauss Water from China grew 5.7% and sales at international dips and spreads joint venture that sunk / Pepsico rose 4.9%.
(1,1 = 3.10747 shekels)
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