Suashish Diamonds’ net profits more than double in Q4

At the end of the three months closing March 31, 2012, Suashish Diamonds Ltd. noted a drop in its standalone net sales, which fell by 3 percent (on y-o-y basis) to $42.2 million. This period was the fourth fiscal-quarter of the company.

The company benefited with a 13 percent drop in its total expenses which valued $40.6 million, helping its net profit to boost by more than double to $1.3 million.