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Asian Star Sees Hike in Diamond Sales

Third-quarter profit nearly trebles.
Feb 12, 2018 8:39 AM   By Rapaport News
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RAPAPORT... Indian diamond manufacturer Asian Star’s revenue jumped 40% year on year to $162.7 million (INR 10.47 billion) in the third fiscal quarter, the company reported last week. 

Profit more than trebled to $7.5 million (INR 484.9 million) for the three months ending December 31, including subsidiaries.

Revenue from the diamond division surged 45% to $145.2 million (INR 9.34 billion), while profit nearly trebled to $8.1 million (INR 521.5 million). Remaining revenue came from jewelry manufacturing and other sources.

Total revenue for the nine months to December 31 grew 24% to $471.2 million (INR 30.31 billion), while profit rose 67% to $13.4 million (INR 859.3 million).
Tags: Asian Star, diamond, India, Jewelry, Rapaport News
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