Tuesday, 22nd February 2005 (4122 views)

A leading jewellery firm has announced encouraging results today.

EganaGoldpfeil and its 65 per cent listed jewellery subsidiary, Egana Jewellery & Pearls, saw turnover touch HK$1,670 million during the six months to November 2004.

In the Egana Jewellery segment, revenue stood at HK$421 million, again indicating a marked upswing in sales of eight per cent, with the firm confident of its ongoing success as chairman Hans-Joerg Seeberger noted.

"We are proud to announce that our five-year growth plan implementation is on schedule as evident by an encouraging nine per cent growth in turnover, 25 per cent increment in after tax earnings and 22 per cent rise in distributable profits.

"Our next target is to pursue strategic alliance possibility to grow our business in the US market."

Egana says it is anticipating a "tremendous response" from a new jewellery line it is planning, from the European markets, and also the US and Chinese markets.

Egana Jewellery's products include pearls, rings, pendants, cufflinks, earrings, necklaces, bracelets and ornaments that are sold under trademarks owned by Egana Jewellery and its group companies.

 

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