By  on February 15, 2010

MILAN — Hurt by slow demand in markets such as Japan and Russia, Italian jewelry firm Damiani SpA reported a net loss of 7.4 million euros, or $10.5 million, in the first nine months ending Dec. 31.

This compares with a net profit of 7.7 million euros, or $11 million, in the same period the previous year. Consolidated revenues fell 6.6 percent to 118.4 million euros, or $169.3 million, from 126.8 million euros, or $182.5 million, the year before.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus