|
|
Asian Star's 3Q Sales +80% to $159M
Jan 29, 2014 8:28 AM
By Deena Taylor
|
|
|
RAPAPORT... Asian Star Co. Ltd. reported that group sales rose 80 percent year on year to $159 million (INR 9.92 billion) during its third fiscal quarter that ended on December 31. Profit more than doubled to to $4.3 million (INR 268.5 million).
Sales at the company’s cut and polished diamond segment jumped 85 percent to $141 million (INR 8.77 billion). The company reported that sales from its jewelry business rose 6 percent to $22 million (INR 1.35 billion), while sales from its other segments grew 68 percent to $162,000 (INR 10.1 million). Intersegment revenue fell 60 percent to $3.5 million (INR 215.7 million).
Operating profit from the company's diamond business more than doubled to $4.8 million (INR 302 million), while jewelry segment profit rose 26 percent to $1.1 million (INR 70.4 million).
During the first nine months of the fiscal year sales increased 23 percent to $362 million (INR 22.6 billion), while net profit grew 39 percent to $8.3 million (INR 518.1 million). Sales for the nine month period at Asian Star's cut and polished diamond segment increased 20 percent to $316 million (INR 19.7 billion), while sales at the company's jewelry segment rose 26 percent to $64 million (INR 3.9 billion). Sales at the company's other segments jumped 21 percent to $381,000 (INR 23.8 million).
|
|
|
|
|
|
|
|
|
|
Tags:
Asian Star, Deena Taylor, diamond, diamonds
|
|
|
|
|
|
|
|
|
|
|
|
|