News

Advanced Search

Asian Star Sees Revenue and Profit Soar

May 30, 2018 9:22 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Revenue and profit grew sharply in the past fiscal year at Asian Star, a Mumbai-based diamond manufacturer, the company reported.

Revenue increased 12% to $580.2 million (INR 39.13 billion) for the 12 months that ended March 31, including at its subsidiaries, the cutting-and-polishing firm said last week. Net profit soared 65% to $16.2 million (INR 1.09 billion).

Diamond sales rose 11% to $519.7 million (INR 35.1 billion), while revenue from jewelry climbed 8% to $82.3 million (INR 5.55 billion).

In the fourth fiscal quarter, group sales dropped 17% year on year to $130.7 million (INR 8.82 billion), while profit spiked 82% to $4 million (INR 270.2 million).
Tags: Asian Star, diamond manufacturer, mumbai, Rapaport News
Similar Articles
NRF SeptemberUS Consumer Spending Dips
Oct 17, 2019
US retail sales stalled between August and September, indicating that consumer confidence may be waning in light
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 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.