07 Dec 2021
DiamondWorld Directory
Home |
Shrenuj & Company sees 13% increase in revenues
The company is hopeful of market growth towards end-2009
By: Diamond World News Service
Jul 1 2009 7:05PM
Reference: 3953  


Shrenuj & Company Limited has released its results for the fourth quarter of the fiscal. In the said period, the company’s revenues increased by 13 percent to $52 million. During the second quarter the company has focused its marketing attention on emerging markets like India, China and the Middle East. Along this period, the rise in the dollar also seems to have affected the company's liquidity. High interest rates on financial credit added to the expenses, and the company is reported to have performed well in such situations.

in the light of markets opening up recently, the company believes it will see some growth in the end of 2009, in volume and earnings. It is expecting the US markets to open up. Within the growth, the company is hopeful to liquidate some of its stock purchased during the recent months when the prices were low.

The company’s consolidated revenues for the entire fiscal increased by 19 percent to $303.6 million, while net profit slipped down by 47 percent to $4.9 million.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 30171
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6642
GJEPC Chairman Interview
Views: 26442
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 36347
Promo for IJ Awards 2012 at NDTV Profit
Views: 50287
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 63678
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20390
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 48324
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 47446
DW Whatsapp Sub sq
Member of:
Supporter of: