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Shantivijay Jewels' 4Q Sales +15%

May 11, 2012 6:36 AM   By Dilipp S Nag
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RAPAPORT... Shantivijay Jewels Ltd. reported that group sales rose 15 percent year on year to $3 million (INR 163.4 million) during its fourth fiscal-quarter that ended on March 31, 2012. The company didn’t note specific reasons for the sales increase.

The Mumbai-based jewelry maker posted a profit of $149,442 (INR 8.04 million)  compared with a net loss of $13,123 (INR 706,000) a year earlier.

Total expenditures rose 5 percent to $2.8 million (INR 151.1 million) during the quarter, Shantivijay stated.

For the company's fiscal year, net profit rose 42 percent year on year to $549,498 (INR 29.6 million) while sales were little changed at $13.4 million (INR 721.8 million).

Shantivijay’s major export markets are the U.S., Europe and the Middle East with a product range comprised of bangles, bracelets, earrings, necklaces, pendants and rings in gold and platinum.


*Note: All data was published in rupee. Any references to U.S. dollar amounts were made according to exchange rate conversions by Rapaport News.
Tags: Dilipp S Nag, India, Jewelry, Rapaport, Shantivijay Jewels
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