Frutarom, a flavors and fragrances company headquartered in Israel, has reported a rise in its Q2 2012 net profit by 10% to $13.5m, compared to $12.3m in the same quarter last year.
For the second quarter of fiscal 2012, the company's sales were $165m, a 35.2% increase net of currency influence, compared to $130.6m for the second quarter of fiscal 2011.
The flavors and fragrances company posted an increase in its H1 2012 net profit by 6.3% to $27m, compared to the corresponding period last year.
Its revenues for the first half of fiscal 2012 were $316m, an increase from the revenues of $251.6m in the first half of fiscal 2011.
Frutarom president and CEO Ori Yehudai said that the company strengthened its presence in strategic markets primarily in North America, Asia, Latin America, Africa and Central and Eastern Europe.
"We continue to invest great resources in accelerating growth in these markets in order to utilize the great potential and opportunities there," Yehudai added.
