Top News

Coffee Holding Co., Inc. Reports Year End Results

From: marketwatch.com

Coffee Holding Co., Inc. JVA, +0.91% (the “Company”) today announced its operating results for the fiscal year ended October 31, 2019:

The Company had net loss of $94,598 or ($0.02) per share basic and diluted, for the fiscal year ended October 31, 2019 compared to a net income of $1,059,276, or $0.19 per share basic and diluted for the fiscal year ended October 31, 2018. The decrease was primarily attributable to the reasons described below.

Net sales totaled $86,467,432 for the fiscal year ended October 31, 2019, a decrease of $4,187,862, or 4.6%, from $90,655,294 for the fiscal year ended October 31, 2018. The decrease in net sales reflects the lower selling price of coffee during the year due to the continued depressed price of the green coffee market.

Read More

To Top