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Sales Rise for India’s Asian Star

Nov 14, 2017 5:24 AM   By Rapaport News
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RAPAPORT... Asian Star, an Indian diamond manufacturer, saw revenue jump 13% to $144.5 million (INR 9.46 billion) in the second fiscal quarter.

Sales in the diamond segment grew 7.5% to $123.5 million (INR 8.08 billion) in the three months to September 30, including subsidiaries, the Mumbai-based company reported last week. Jewelry revenue jumped 38% to $28.1 million (INR 1.84 billion). Even so, profit dipped 1.6% to $2.5 million (INR 164.9 million), as expenses increased 12% to $139.5 million (INR 9.13 billion).

In the first fiscal half to September, revenue advanced 17% to $303.1 million (INR 19.84 billion), while profit climbed 3.8% to $5.7 million (INR 374.4 million).
Tags: Asian Star, India, Manufacturing, mumbai, Rapaport News
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