Coffee Holding slips as sales drop

Coffee Holding

31/01/2022 16:08

** Shares in coffee roaster  JVA.O  fall 7% to $4.35; set
for worst day in over four months 
    ** Co says FY sales fell 14% to $63.9 mln, blaming
restaurant customers closing or suspending operations due to
COVID-19 pandemic  urn:newsml:reuters.com:*:nGNX7z5HW2   
    ** Surging packaging and shipping expenses also hurt
profitability, JVA says
    ** Stock down over 8.5% in last 12 months; JVA set to end
January ~1% lower  

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday  ;))