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Tuesday, 28th September 2004 (6223 views)

India's Vaibhav Gems has released its latest results and reported a 28 per cent growth in turnover for the past financial year.<BR/><BR/>The exporting firm, which mainly deals in gold jewellery with stones, also announced a 63 per cent rise in profit after tax, according to 123Bharath.<BR/><BR/>Vaibhav was particularly pleased with its results since there has been an increase in gold prices and a nine per cent depreciation of the US dollar against the rupee during the period.<BR/><BR/>According to chairman Sunil Agrawal, the company is now planning to re-invest earnings into productive assets and to strengthening delivery and quality.<BR/><BR/>In addition, jewellery manufacturing at its Sitapura site is being increased and other markets in Europe and Japan are going to be targeted.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3484402"/>

 

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