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Flawless Diamond 4Q Profits +141%

Jun 22, 2008 11:24 AM   By Avi Krawitz
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RAPAPORT... Flawless Diamond net profits grew 141 percent to INR 84.58 million ($1.97 million) in its fourth quarter of fiscal 2007-08, according to data posted on the Bombay Stock Exchange.

The diamond jewelry manufacturer and retailer reported that net sales for the three months ending March 31, 2008 rose 34 percent to INR 1.59 billion ($37.16 million.)

For the full fiscal year, Flawless Diamond net profits grew 246 percent to INR 251.8 million ($5.87 million.)

The company’s net sales rose 86 percent to INR 5.6 billion ($130.9 million,) while expenses increased 82 percent to INR 5.3 billion ($123.78 million) for the year. 

At fiscal year end, March 31, 2008, the company operated 19 retail locations for its “AUM” brand.
Tags: Flawless Diamond, Jewelry
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