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Frutarom Q4 Net Rises Nearly 50%; Revenue Increases 32%
Posted: March 21, 2014
Frutarom’s net profit in fourth quarter, net of one-time expenses, surged by 49.9%, reaching $17.2 million. Fourth-quarter revenue rose 32% to $192 million reflecting 6.2% organic growth.
For the year, the company’s gross profit from its core business, including the flavors and specialty fine ingredients activities (net of one-time expenses), rose to 39.8% of total sales, compared with 37.6% in 2012. Net profit (net of one-time expenses) reached $67.5 million (10% of revenues).
Frutarom sales (including full consolidation of the acquisitions of 2013) would have reached $784 million and net profit would have been $70 million. Revenues from emerging markets (including full consolidation of the acquisitions of 2013 has increased to 46%.