NBJ: How was business in 2004?
NB: Spectrum’s overall growth in calendar year 2004 was around 12%, led by our Ingredients division at 30%, followed by culinary oils at 18%. It was a challenging year for operating margins, with the value of the dollar shrinking rapidly. (We rely heavily on a global sourcing strategy for raw material, and we are a commodity based company.) Also, the cost of fuel, customs duties and packaging are rising rapidly, which will remain a big
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