Renaissance Jewellery Ltd. announces results for Q3 ended on December 31, 2014
MUMBAI, India, Feb. 9, 2015 /PRNewswire/ -- Renaissance Jewellery Ltd. (RJL) announced its financial results for the third quarter.
RJL reported a consolidated revenue of INR 5,158 million (USD 83 million) and a consolidated net profit of INR 283 million (USD 4.6 million) for the quarter ended December 31, 2014. RJL's consolidated revenue for the nine months ended December 31, 2014 stands at INR 10,080 million (USD 162 million).
Mr. Sumit Shah, Managing Director of RJL mentioned that, "RJL has demonstrated robust growth in the current financial year. The sales in this quarter have grown by 26% and the net profit has jumped 89% when compared to the same quarter last year. On an aggregate basis, for the nine months of this financial year, the sales are higher by 16% and the net profit higher by 96% as compared to the same period last year. We have experienced growth in business across the different geographies in which the Company operates."
For additional information, please visit RJL's investor relations web page at
http://www.renjewellery.com/investor-relations/investor-relations.asp
SOURCE Renaissance Jewellery Ltd.
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