Financial News
ALROSA MAKES $182 MILLION FROM DIAMOND SALES IN AUGUST
Alrosa hopes that supply-demand balance will not "take too long" to restore
15.09.2019
CHOW TAI FOOK EXPANDED IN CHINA – AND SALES WENT UP SHARPLY
The jeweller increased its sales in the fiscal year by 13% to $8.5 billion
Hong Kong based jeweller Chow Tai Fook Group has announced its sales for the fiscal year ending March 31, 2019, showing an increase of 13% to $8.5 billion in sales for the period, according to Rough & Polished. Net profit increased 11% to $597.4 million for the year.
During the period, the group added a net 549 new points of sale in mainland China, totalling to 3,134 as of March 31. Retail sales in mainland China went up 8% to $3.88 billion. Sales revenue in Hong Kong and Macau jumped 12% to $2.94 billion. Same-store sales in mainland China went up 3.4% and 9% in Hong Kong and Macau.
Gold was the company’s strongest seller during the period, with sales of gold jewellery going up 13% to $4.07 billion for the year. Revenue from gem-set jewelry rose 4.5% to $1.55 billion.
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GEM DIAMONDS’ PRICE PER CARAT UP, BUT PROFIT PLUMMETS IN H1 2019
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LUCAPA MANAGES TO PROFIT IN H1 DESPITE “A CHALLENGING PERIOD”
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ALROSA PAYS $426 MILLION IN DIVIDENDS FOR THE FIRST HALF OF 2019
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TIFFANY’S NET EARNINGS “EXCEED EXPECTATIONS” IN Q2 2019
In the first half, worldwide net sales declined 3% to $2.1 billion02.09.2019
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