Advanced Search

Thangamayil Jewellery 1Q Profit +42%

Jul 25, 2012 7:31 AM   By Dilipp S Nag
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Thangamayil Jewellery Ltd. reported that its fiscal-first-quarter profit rose 42 percent year on year to $2.7 million (INR 151.3 million) from $1.9 million (INR 106.4 million) a year earlier.

Growth was driven by higher sales, which increased 61 percent year on year to $64.7 million (INR 3.58 billion) in the period that ended on June 30, 2012.

The company, which owns jewelry stores in the southern Indian city of Madurai and trades in gold, diamond and platinum jewelry, didn’t detail specific reasons for the sales increase.  Total expenditures grew 61 percent to $59.1 million (INR 3.27 billion) during the quarter.

*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: diamond, Dilipp S Nag, gold, India, jewellery, Jewelry, Rapaport, Thangamayil Jewellery
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.