Thursday, 24th March 2005 (4520 views)

LJ International (LJI) has announced its financial results today, reporting a 20 per cent increase in year-over-year revenue growth.

The company is based in Hong Kong and the US and is now one of the fasting growing jewellery firms in the world.

Fourth quarter and full year results ending December 31st 2004 also saw net income rise by 48 per cent for the whole year.

LJI Chairman and CEO, Yu Chuan Yih, commented: 'The results for 2004 are gratifying not only because they show strong growth, but also because they show that LJI is continuing to expand sales sharply in its established markets even as it moves into new ones.

"We continue to enjoy solid relationships with our major customers, most of whom are continuing to expand their business with us."

Guidance for the first quarter of 2005 are now indicating a continued sales growth, said to be boosted by orders from new China retail operations and existing markets.

LJI's major customers include the three biggest US home shopping networks and two thirds of the largest US jewellery chains.

The firm is involved in branding, designing, marketing and distributing a full range of jewellery.

Items include pieces made from a variety of precious metals such as gold, including necklaces, pendants, earrings, bracelets and rings.

 

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