Friday, 12th November 2004 (3813 views)

China's LJ International (LJI) has released its third quarter results, with top revenue and sales figures.

The jeweller saw revenue for the period ending September 30, rise by 28 per cent and this was the sixth straight quarter where sales had increased by more than 20 per cent year-on-year.

LJI is one of the fastest growing fine jewellery companies in the world and since revenue was considerably higher than earlier guidance ranges, earnings per share were similarly higher.

LJI chairman and CEO, Yu Chuan Yih, commented: "The latest results for LJI show the continuation of trends that have led the Company to consistently surpass expectations.

"We have seen robust demand for new products from both new and repeat customers, while our expansion into new markets, particularly China, proceeds according to our strategic plan. With its worldwide marketing effort and distribution, LJI is now able to benefit fully from the global economic expansion."

Debt is also low at the firm, with long-term debt remaining below $100,000.

 

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