image description
image description
Tell A Friend

FinancialNews


  • 02-08-10

    Damas reports net loss of $517m

    (MENAFN) Gulf News reported that Jewellery retailer Damas International Limited (Damas) made a full year net loss of $517.2 milion due to a drop in sales and after it allocated $517.2 million for outstanding receivables. Damas said its revenue dropped 31 percent to $898 million in the fiscal year ended March 31, while gross profit fell 33 percent to 1253 million in the same period. It blamed the impact of the global financial crisis, lower consumer confidence and higher gold prices for the decline in profitability.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved