date:May 28, 2014
Israeli food and drinks maker Strauss Group reported a slight drop in quarterly profit, weighed down by lower global coffee sales.
Strauss said on Tuesday it earned an adjusted 99 million shekels ($28.5 million) in the first quarter, compared with 103 million a year earlier.
Sales fell 2 percent to 1.97 billion shekels but excluding exchange rate effects, sales rose 4.8 percent.
Strauss, a maker of snacks, fresh foods and coffee, is a market leader in roast and ground coffee in central and ea