Tel Aviv, Aug 30 - Israeli food maker Osem Investments , which is 53.8 percent owned by Swiss food company Nestle , posted a rise in second-quarter net profit and sales on Sunday, boosted by recent acquisitions.
Net profit rose to 57.7 million shekels ($15.1 million) or 0.52 shekels a share from 48.5 million shekels or 0.44 shekels a share in the same period last year.
Osem was expected by analysts to earn between 63 million shekels and 66 million.
Osem attributed the rise to deeper penetration of Nestle products, an expansion into the chilled food market, acquisitions and efficiency measures.
Sales rose 7.3 percent to 844.6 million shekels.