Strauss Reports Flat Q4 Net Profit

Israeli company Strauss Group Ltd SGLJF reported a flat fourth-quarter earnings. Strauss reported its Q4 net profit at 33 million shekels ($8.9 million), the same as in the year-ago quarter. Its sales rose to ILS2.1 billion, from ILS1.8 billion. Strauss' full-year net profit dropped to ILS161 million, versus ILS211 million in 2010. Its sales revenue climbed 13% to ILS7.7 billion.