The Strauss Group Today Announces Results for Second Quarter 2012

The Strauss Group Today Announces Results for Second Quarter 2012 PR Newswire TEL AVIV, Israel, August 22, 2012 TEL AVIV, Israel, August 22, 2012 /PRNewswire/ -- THE GROUP REPORTS 5.2% SALES GROWTH, IMPROVEMENT IN INTERNATIONAL COFFEE BUSINESS RESULTS AND STRONG OPERATING RESULTS IN SABRA. THE GROUP'S NON-GAAP OPERATING PROFIT TOTALED NIS 125 MILLION, SIMILAR TO THE CORRESPONDING QUARTER LAST YEAR Ofra Strauss, Chairperson of the Strauss Group (TASE: STRS.TA), said today: "The Strauss Group continues to implement its work plans while making adjustments for the economic challenges in the various markets where it is active. The Group is reaping the fruits of its investment in Sabra, while continuing to invest in innovation in all areas of its activity, in cutting edge technology and in future growth drivers." Gadi Lesin, President and Chief Executive Officer of the Strauss Group, said today: "The Strauss Group continues to grow, posting an increase of 5.2% in sales in the second quarter and crossing the four billion shekel mark in sales in the first half. The Group has maintained its operating profit despite further increases in production inputs, a weakening of the currencies in relation to the dollar and challenges in Israel, mainly thanks to the improvement in profit in activities outside of Israel, strict control of expenses and streamlining measures applied to general and administrative expenses.