By  on June 15, 2010

MILAN — Hurt by a sluggish performance in the Americas and in markets such as Russia and Dubai, Italian jeweler Damiani Group posted a net loss of 18.2 million euros, or $25.6 million, in the fiscal year ended March 31, compared with a loss of 4.7 million euros, or $6.6 million, in the previous year.

Revenues dropped 2.7 percent to 145.8 million euros, or $205.5 million, compared with 149.8 million euros, or $212.7 million, in the same period the year before. In the fourth quarter, however, revenues climbed 18.4 percent to 27.1 million euros, or $37.4 million, compared with the year-ago period.

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