By  on November 28, 2011

MILAN — Italian jeweler Damiani SpA said Monday it trimmed its first-half net loss to 7.2 million euros, or $10.3 million, from 8.5 million euros, or $10.9 million, in the year-earlier period as sales increased and the company improved control of circulating capital.

Revenues in the six months to Sept. 30 climbed 11.2 percent, at constant exchange rates, to 61.2 million euros, or $87.5 million, boosted by a strong performance in Italy, the group’s largest market.

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