Classic Diamonds 3Q Sales Slump 22% to $28.72 M
February 21, 11(IDEX Online News) - Classic Diamonds, the diamond manufacturer listed on the Bombay Stock Exchange (BSE), reported third quarter sales of $28.72 million for fiscal 2010-11, 22.31 percent below its third quarter sales in the previous financial year.
Net profit for the period was $180,000, dropping 75 percent below its profits during the same period in the previous fiscal year.
April-December sales (the first three quarters of the fiscal year) were $91.2 million while net profit for the period was $1.41 million.