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Frutarom Etol ups profit by a quarter to EUR 11.4m last year

Ljubljana, 11 October (STA) - Flavourings maker Frutarom Etol generated EUR 72.6m in sales revenues last year or 3.3% more than in 2015, while net profit of the Celje-based company was up by 25% to EUR 11.4m, shows the company's Agency for Public Records (AJPES) filing.

The company formerly known as Etol, now a member of the Israeli group Frutarom, last year spent EUR 1.2m on investments, which is less than a half of the planned EUR 3.1m.

Frutarom Etol, which became a part of Frutarom in 2012, and which employs 307 people, invested the most of the funds in modernising and expanding the production of liquid flavours and purchasing new paste containers.

Director Zdenko Zanoški said in the report that the company had managed to maintain the trend of growing sales and excellent business results from the past years.

In addition to looking for new clients, Frutarom Etol also focused on management of claims.

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