RapNet


Rapaport News

 

Manufacturing

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Asian Star Revenue Lifted by Steady Diamond Sales

Sep 20, 2016 11:13 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Asian Star’s revenue increased in the first fiscal quarter, the Mumbai-based diamond manufacturer reported. Profit, however, declined.

Total sales on a consolidated basis grew 2.7 percent to $127.6 million (INR 8.55 billion) in the three months that ended June 30, the De Beers sightholder said in an announcement to the Bombay Stock Exchange. Net profit fell 3.9 percent to $2.9 million (INR 191.5 million).

Revenue from the company’s diamond segment advanced 4.1 percent to $118.1 million (INR 7.91 billion), outweighing a 12 percent drop in jewelry revenue to $13.4 million (INR 897.3 million).

The latest data follow fiscal full-year results to March 31 that also showed lower profit despite higher sales.
Tags: Asian Star, India, manufacturer, manufacturers, Manufacturing, mumbai, Rapaport News
Similar Articles
De Beers Industry Services grading SuratIndia Rushes to Meet US Holiday Demand
Oct 22, 2020
Indian diamond manufacturers are planning a curtailed Diwali break as they...
India’s Asian Star Sees Sales Plunge
HB Antwerp Aims to Shake Up Large-Stone Market



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us