Strauss Group Q3 Net Profit Rises 17%

Israeli food maker Strauss Group SGLJF posted a 17% gain in its third-quarter profit. Strauss reported its quarterly earnings of 81 million shekels ($22.8 million), up from 69 million, in the year-ago period. Its sales fell 1.9% to 2.04 billion shekels, while global coffee sales dropped 9% to 954 million shekels.