date:Aug 21, 2014
Israeli food and drinks maker Strauss Group reported a 9 percent fall in quarterly profit, hurt by continuing declines in its global coffee sales.
Strauss said on Wednesday it earned an adjusted 69 million shekels ($19.6 million) in the second quarter, down from 75 million a year earlier. Sales declined 3 percent to 1.95 billion shekels, although they rose 1.7 percent excluding foreign currency effects.
Strauss, a maker of snacks, fresh foods and coffee, is a market leader in roast and ground