BlueRock Diamonds Company reduced its losses in the first half of the year, as revenue growth offset higher costs.
The total loss was reduced by 5.5%, to $ 403,306 (310,324 pounds) for the six months ended June 30, reported the leading activities in the South African diamond company. Sales increased more than six-fold, to $ 268,079 compared to $ 42,942, while operating expenses jumped 43% to $ 671 199.
Production was lower than expected, and the company has spent a period of preparation for the development resumption after review of operations. The delay was related to the "unexpected and unwelcome" Kareevley closure of the mine (Kareevlei) by the Department of Mineral Resources of South Africa in July, the company said.
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Senco Gold and Diamonds has planned a significant expansion of its operations for the next two years. The company plans to open 30 new stores in India and abroad until the end of 2018 fiscal year, reports PTI.
The company noted that one store will be opened in Singapore and Malaysia. Managing Director of Senco Sankar September (Sankar Sen) said: "Senco Gold and Diamonds currently has 70 stores in India Our company is in second place in terms of attracted foreign direct investment in the region in the past year we have attracted funding of $ 12.10.. million. "
In the 2014-2015 fiscal year turnover of Senco Gold and Diamonds was $ 226.9 million, an increase of 12% compared with the previous year. This year the company plans to reach a turnover of $ 272.3 million. In this case, $ 45.4 million of this amount is accounted for by exports, he said in September.
Top manager said that, probably, in this year's financial performance will vary slightly due to adverse global market conditions.
Senco Gold and Diamonds - Indian jewelry company, whose headquarters is located in Kolkata. The company has existed since 1945, eventually developing his concept and design jewelry.
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