CEO Dan Mano explains why RapNet became Rapaport Trade – and how the Price List will become truly transparent.
Category: Retail
Sales for full year up 7% to $2.26 billion.
Jewelry, watches, clocks and valuable gifts down 3.2% year on year.
Shops are in a Canadian province where company already operates, it says.
Company reports deficit of $25.2 million for full year.
Indian jeweler plans to open more than 15 locations in North America over next 12 to 18 months.
Company saw $62.8 million in gold-hedging losses during latest fiscal year.
Annual deficit will not exceed $25.5 million, according to Hong Kong jeweler.
Elevated gold prices led to losses, jeweler says.
Revenue down 0.9% from previous month to $715.4 billion.
Decline in sales narrowed over the second half of the fiscal year.