Asian Star Sees Sales and Profit Soar

RAPAPORT... Revenue and profit grew sharply in the past fiscal year atAsian Star, a Mumbai-based diamond manufacturer, the company reported. Revenue increased 12% to $580.2 million (INR 39.13 billion)for the 12 months that ended March 31, including at its subsidiaries, the cutting-and-polishingfirm said last week. Net profit soared 65% to $16.2 million (INR 1.09 billion). Diamond sales rose 11% to $519.7 million (INR 35.1 billion),while revenue from jewelry climbed 8% to $82.3 million (INR 5.55 billion). In the fourth fiscal quarter, group sales dropped 17% yearon year to $130.7 million (INR 8.82 billion), while profit spiked 82% to $4million (INR 270.2 million).