Swiss Water Decaffeinated Coffee Inc ( (TSE:SWP) ) has provided an announcement.
Swiss Water Decaffeinated Coffee Inc. reported strong financial results for the fiscal year 2024, with a 4% increase in revenue to $173.1 million and a 340% rise in net income to $1.3 million. The company achieved operational efficiencies by consolidating production at its new Delta facility, positioning itself for sustainable growth despite volatility in global coffee markets. The fourth quarter saw a 19% revenue increase, although volumes were slightly lower due to a backlog of orders processed in the previous year.
More about Swiss Water Decaffeinated Coffee Inc
Swiss Water Decaffeinated Coffee Inc. is a leading specialty coffee company known for its premium chemical-free coffee decaffeination process. The company focuses on providing high-quality decaffeinated coffee, leveraging its strategic inventory positioning to meet customer needs in a volatile market.
YTD Price Performance: -13.82%
Average Trading Volume: 4,144
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$31.17M
Learn more about SWP stock on TipRanks’ Stock Analysis page.
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