Strauss increased it's profit in the fourth quarter by 10.2%

Strauss increased it's profit in the fourth quarter by 10.2% compared to the corresponding period last year, and they amounted to two billion and one hundred and fifty million shekels. Operating profit in the fourth quarter totaled NIS 149 million, an increase of 10.4% compared to the corresponding quarter. Last year, sales rose 6.9 percent from 2016 to $ 8.5 billion. Operating profit increased by 4.8% and totaled NIS 780 million. The cost of the salary of the group's CEO, Gadi Lesin, amounted to NIS 10.8 million, and the salary of chairman Ofra Strauss of the controlling shareholders in the company amounted to NIS 5 million.
Gadi Lesin, President and CEO of Strauss Group: "The Group continues to present excellent business results in all its key indices. The Group's results were achieved, among other things, by the management of strategic moves that deepened the Group's operational and managerial flexibility, focusing on the core business, deepening investment in innovation, new distribution agreements and expanding our operations to additional geographies. Alongside strong performance at Strauss Israel, Strauss Coffee and Strauss Water,