A 50% rise in export sales of Israeli food giant Osem, along with several purchases it made, helped offset losses Osem had in the Israel food market and helped the company finish the first quarter of 2007 with a rise in profits and revenues.
During the first quarter of 2009, Osem's revenues grew by 9% to NIS 847 million. The operating profits rose by 13% to NIS 108.2 million. The rise in sales was coupled by continuing cost-saving measures and efficiency steps. Osem's final profits rose by 9% as well to a level of NIS 77.1 million.
