Strauss Group Ltd. reported a rise in earnings for the third quarter, with a bottom line of NIS127 million or NIS1.09 per share, compared to NIS99 million or NIS0.85 per share last year. Excluding items, adjusted earnings were NIS146 million or NIS1.25 per share. Revenue for the period increased by 9.7% to NIS2.054 billion from NIS1.873 billion last year. The company attributed the improved profitability to strong performance in Coffee International, particularly in Brazil where sales increased by 27% and operating profit by 171%.

Read more at Nasdaq: Strauss Group Ltd. Reports Rise In Q3 Income