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Asian Star Floating Lights 150
Asian Star Full-Year Profit Rises
Profit at Asian Star, a Mumbai-based diamond manufacturer, grew 6% to INR 1.16 billion ($16.7 million) in thepast fiscal year, as lowerexpenses compensated for a decline in sales.Revenue, including at subsidiaries, dropped7% to INR 39.13 billion ($524.6 million) for the...
Manufacturing May 27, 2019 Rapaport News
Chow Tai Fook
Chow Tai Fook Revenue Falls Again
Chow Tai Fook’s sales continued to decline in the firstfiscal quarter due to stagnant consumer sentiment in Hong Kong and Macau and adrop in tourist arrivals from mainland China.In Hong Kong and Macau, retail revenue...
Retail Jul 12, 2016 Rapaport News
Laurence and Francois Graff
Graff Diamonds’ Profit Slumps 74% in 2015
Graff Diamonds Limited, the U.K. subsidiary of Graff Diamonds Holdings, reported sales slid and profit nosedived last yearas tougher market conditions in the global gem industry hit the high-endLondon-based jeweler.Revenue fell 32 percent...
Retail May 24, 2016 Rapaport News
Cartier
Jewelry Demand Propels Richemont to Growth
Richemont’s jewelry sales in the past fiscal year jumped afterstrong demand outweighed a decline in appetite for watches.Revenue from the Geneva-based luxury group’s jewelry “maisons” jumped 7 percent to $6.79billion (EUR 6.05 billion) in the fiscal...
Retail May 22, 2016 Rapaport News
Auction Icon
Sotheby’s Swings to 1Q Loss
Sotheby’s reported its revenue in the first quarter slumped froma high base last year.Total sales nosedived 32 percent to $106.5 million, with thecompany swinging to a $25.9 million loss from a profit of $5.2 million a yearearlier. Record...
Retail May 10, 2016 Rapaport News
Shrenuj
Shrenuj Swings to Fiscal 3Q Loss as Sales Slump 34%
India-based diamond manufacturer Shrenuj & Companyreported revenue slumped 34 percent year on year to $182.8 million (INR 12.34billion) in the three months that ended December 31. The company swung to aloss of $55,103 from a profit of $3 million...
Manufacturing Mar 02, 2016 Rapaport News
jcpenney jewelry
J. C. Penney Boosts 4Q Revenue on 'Successful' Holiday Season
J. C. Penney’s revenue rose 2.6 per cent to $4 billion inthe three months to January 30, the retailer reported.Comparable store salesadvanced 4.1 percent year on year in the fourth fiscal quarter that included a“successful” holiday season.However,...
Retail Feb 29, 2016 Rapaport News
Borsheims
Berkshire Hathaway’s Retail Revenue Jumps in 2015
Berkshire Hathaway reported retail revenue increased byabout $8.8 billion in 2015 on the back of acquisitions of the Van TuylGroup (now Berkshire Hathaway Automotive) and Detlev Louis Motorrad. The two businessestogether contributed $8.3 billion...
Retail Feb 28, 2016 Rapaport News
Blue Moon
Sotheby’s 2015 Revenue Climbs but Profit Slumps
Sotheby’s reported revenue increased 2.5 percent to $961.5million in 2015. However, profit dived 63 percent to $43.7 million because of anumber of charges recorded in the year including a $65.7 million non-cashincome tax charge and a $23.6 million after-tax...
Retail Feb 28, 2016 Rapaport News
Lucara Diamond
Lucara's 4Q Revenue Declines but Miner Swings to Profit
Lucara Diamond Corp. reported revenue declined 7.5percent year on year to $65.2 million in the fourth quarter that ended December31 as the diamond market “experienced some weakening” during the year.The miner nonetheless turned a $19...
Mining Feb 24, 2016 Rapaport News
petra diamonds
Petra Swings to $2M Loss on Drop in Rough Prices
Petra Diamonds swung to a loss of $2.2 million in the firsthalf that ended December 31 from a profit of $39.1 million a year earlier asrough prices dropped.Pricesachieved by the miner dropped about 20 percent over the last 18 months, Petrachief...
Mining Feb 22, 2016 Rapaport News
De Beers Logo
De Beers 2015 Earnings -58% as Rough Demand Falls
DeBeers underlying earnings before interest and tax (EBIT) slumped 58 percent to$571 million in 2015 as demand for rough diamonds weakened and revenue fell.Tighter operating cost control and favorable exchange ratespartly offset the...
Mining Feb 16, 2016 Rapaport News
pandora
Pandora Closes 1,422 Unbranded Stores in 2015
Pandora closed 1,422 unbranded stores globally in 2015 andincreased its focus on branded and concept stores, as total revenue for theyear grew 40 percent. The company announced it would increase its annualdividend by 44 percent over 2014...
Retail Feb 10, 2016 Rapaport News
michael hill
Michael Hill’s 1H Sales +9%; Mulls Australian Listing
Michael Hill reported sales increased 8.7percent year on year in the first half that ended December 31. The results comeas the jewelry retailer announced it is considering listing shares on theAustralian Securities Exchange (ASX).Revenue grew...
Retail Jan 10, 2016 Rapaport News
Pandora
Pandora’s Sales +40% in 2015
Pandora reportedpreliminary revenue surged 40 percent to $2.44 billion (DKK 16.7 billion) overthe year to December 31, in line with its guidance released in November.A “tailwind” from foreign-exchange rates of about 11percent was one percentage point...
Retail Jan 10, 2016 Rapaport News
Chow Tai Fook
Chow Tai Fook 3Q Sales -11% amid Hong Kong Slump
Chow Tai Fook reported group retail sales dropped 11percent year on year in the third quarter that ended December 31 as fewertourists from mainland China visited Hong Kong and on account of weaker localretail sentiment in Hong...
Retail Jan 10, 2016 Rapaport News
Trans Hex
Trans Hex Sees Subdued Trading as Reports South Africa Production Results
Trans Hex reported that it earned $17.5 million (ZAR 236.1 million) from the the May, June and September 2015 tender sales of production from its wholly owned its South African operations. The...
Mining Sep 16, 2015 Rapaport News
Paragon Diamonds Project
Paragon's Loss Widens, Revenue Target for 2015 is $36M
Paragon Diamonds Ltd. generated a $16 million (GBP 10.3 million) loss in the fiscal year that ended on December 31, up from a loss of just $2 million in 2013. The company recorded a $14.5 million noncash impairment charge...
Financial-Legal Jun 29, 2015 Jeff Miller
tanishq
Titan's Profit Improves as Expenses Decline
Titan Company Ltd.'s revenue fell 11 percent year on year to $389 million (INR 25 billion) in the fourth quarter that ended on March 31; however, profit improved 4.2 percent to $32.8 million (INR 2.2 billion). Expenses...
Financial-Legal May 07, 2015 Jeff Miller
dgse
DGSE Closes Quarter With a Profit of $272K
DGSE Companies Inc. reported that revenue fell 13 percent year on year to $18.1 million in the fourth quarter that ended on December 31. Nonetheless, DGSE stated that it continues to experience growth across its jewelry business,...
Financial-Legal Mar 27, 2015 Jeff Miller
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