Advanced Search

C. Mahendra's 1Q Sales -18%, Profit -97%

Aug 16, 2012 6:33 AM   By Dilipp S Nag
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... C. Mahendra Exports Ltd., which sells its jewelry under the Ciemme brand, reported that sales fell 18 percent year on year to $70 million (INR 3.87 billion) during its first fiscal quarter that ended on June 30, 2012.

Profit slumped 97 percent to $49,874 (INR 2.8 million) as finance costs more than doubled to $7.8 million (INR 430.2 million), the Mumbai-based diamond and jewelry manufacturer reported.

Total expenditures declined 18 percent to $66.1 million (INR 3.66 billion) during the quarter, the company stated.

*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: C. Mahendra, Ciemme, diamond, Dilipp S Nag, India, Jewelry, Rapaport
Similar Articles
Gem Diamonds Finds 149ct. StoneIndia’s Diamond Trade Grows in 2017
Jan 22, 2018
India’s polished-diamond exports increased 2.1% to $23.09 billion in 2017 as the nation shipped out a higher volume
US Polished Imports Grow in November 150US Diamond Imports Rise in November
Jan 18, 2018
US polished-diamond imports jumped 11% year on year in November, government data showed. Shipments grew to $1.77 billion
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.