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Frutarom first-half sales decrease 5.5%
Frutarom reports sales of $106.7m in the first quarter of 2009 and $205.1m in the first half of the year – a decrease of approximately 5.5% in local currency terms compared to the second quarter of 2008 and the first half of 2008, in which Frutarom achieved record results.
Gross profit in the quarter totalled $39.4m compared to $49.7m in the same quarter last year. Excluding non-recurring effects, gross margin in the quarter reached 37.2% compared to 37.5% in the same period last year. The gross margin in the quarter including non-recurring effects reached 37%.
Gross profit in the first half totalled $74.7m compared to $94.5m in the same half last year. Excluding non-recurring effects, gross margin in the first half reached 36.5% compared to 37.1% in the same period last year. The gross margin in the half including the non-recurring effects reached 36.4%.
Source: Frutarom
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