Coffee Holding (JVA) Higher On Strong Quarterly Results
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Coffee Holding Co., Inc. (AMEX: JVA) is moving higher after reporting that net income for the three months ended July 31 rose 45.1% to to $799,760, or $0.15 per share. Net sales totaled $17,289,305 for the three months ended July 31, 2009, a decrease of $309,267, or 1.8%.
Commenting on the quarter, CEO Andrew Gordon said, "Our strong quarter reflects the internal changes made within our company over the past nine months. We continue to focus on higher margin business as well as customer relations as our philosophy is that strength in those two key areas will ultimately give us the foundation for an improved stock price and greater shareholder value."
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