LJ International posts significant increase in revenue, income
15 May '06
3 min read
The company's core wholesale business also maintained its consistent growth of approx. 20 percent year-over-year. Core revenue for the first quarter of 2006 was $22.40 million, an increase of 31 percent from core revenues in the first quarter of 2005 (the year-over-earlier quarter included a small amount from the ENZO stores open at that time).
The company said it continued to build its relationships with major retailers worldwide in the first quarter, including general merchandisers and jewelry chains. During the first quarter, for instance, it reported a single order of over $1 million from one of the largest mass merchants in the US and a longstanding LJI customer.
LJ International Inc, based in Hong Kong and the US, is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business, currently one of the fastest-growing in the jewelry industry, on a vertical integration strategy and an unwavering commitment to quality and service.
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