The Hindu Business Line : Su-Raj Diamonds' net up 22 pc

Su-Raj Diamonds and Jewellery Ltd has reported 22 per cent growth in net profit at Rs 37.40 crore for the financial year ended March 2006 from Rs 30.68 crore in the previous year. The company has reported a 19 per cent growth in net income at Rs 1,220 crore. Revenues from jewellery business continued robust growth at 36 per cent to Rs 654 crore as compared with Rs 483 crore in the previous year. The board at their meeting held on Tuesday proposed a final dividend of 15 per cent for 2005-06. The EPS for the period stood at Rs 9.35 against Rs 7.67 per share in the last year."Our new unit at Kolkata will have exclusive ethnic Indian jewellery which are deeply rooted to our traditions and have a good demand globally, we see a huge potential for these jewellery," Mr. Jatin Mehta, Chairman and Managing Director, Su-Raj Diamonds & Jewellery, said. "Our focus is mainly on the International markets and our export growth reflects our strategy in the US and the European markets which is growing steadily. We target a growth rate of 35-45 per cent in the coming years as our jewellery export to the US, the UK and Middle East is growing at a higher pace," he said. The share price at BSE was traded at Rs 67.35 on Wednesday.