News

Advanced Search

Shrenuj Swings to Fiscal 3Q Loss as Sales Slump 34%

Mar 2, 2016 11:14 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... India-based diamond manufacturer Shrenuj & Company reported revenue slumped 34 percent year on year to $182.8 million (INR 12.34 billion) in the three months that ended December 31. The company swung to a loss of $55,103 from a profit of $3 million a year before.

Diamond sales dived 30 percent to $153.3 million in the third fiscal quarter, according to a statement February 11.

During the nine months from March to December, total revenue fell 5 percent to $631.8 million.
Tags: India, manufacturers, Manufacturing, Rapaport News, results, Shrenuj, Shrenuj & Company
Similar Articles
Synova 150Fancy Shapes Get Automation Boost
Nov 23, 2020
Swiss technology provider Synova has expanded its automated diamond-cutting system to include fancy shapes. The
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.