Yavne, Israel, October 16 - G. Willi-Food International Ltd., one of Israel's largest food importers and a single-source supplier of one of theworld's most extensive range of quality kosher food products, today announced that it anticipates third quarter fiscal 2008 revenues to increase approximately 36% as compared to the same period a year ago.
Furthermore the Company anticipates fiscal revenues for the first nine months of 2008 to increase approximately 43% as compared to the same period a year ago. The increase in revenues was primarily due to the consolidation of the financial results of Shamir Salads and the Danish dairy distributor division into Willi-Food's balance sheet.
Contributions from Willi-Food's joint venture with the Baron Family as well as organic growth from its Gold Frost and Willi-Food division in Israel also contributed to the results.
Zwi Williger, President and COO of Willi-Food commented, "We continue to deliver revenue growth in a challenging environment. By and large, our organic growth has been strong and our acquisition strategy effective, and we have achieved significant double digit revenue growth. The Company is currently on track with our projection to grow full year 2008 sales to be in excess of NIS 330 million (US $100 million - adjusted for currency fluctuation)."