Business Daily from THE HINDU group of publications
Wednesday, Jul 25, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Jul 25, 2007 ePaper |
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Corporate Results
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Gems & Jewellery Flawless Diamond Q1 net at Rs 4.52 cr
Our Bureau Mumbai, July 24 Flawless Diamond India Ltd net profit increased more than seven-fold to Rs 4.52 crore in the first quarter of this fiscal from Rs 0.53 crore for the same period last year. Sales increased owing to its retail initiative started early this year under the name of OM Jewellery in Mumbai and Delhi, said Mr Rajiv Kamdar, Director (Finance). Sales double
Net sales for the first quarter of 2007-08 more than doubled to Rs 124.05 crore from Rs 36.57 crore during the corresponding period last year. Operating profit increased six times to Rs 5.23 crore from Rs 0.74 crore quarter on quarter. The EPS increased three times from Rs 1.01 to Rs 3.81. More showrooms
The company plans to open eight more showrooms by September.
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