Charles & Colvard Q1 Sales Up 15%
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28.04.10, 10:17
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Retail
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Charles & Colvard, Ltd., which manufactures moissanite jewels, saw net sales for the quarter ended March 31, 2010 at $2.85 million, marking an increase of 15% from $2.49 million in the first quarter of 2009 and an increase of 21% from $2.36 million in the fourth quarter of 2009.
Sales continue to improve primarily due to management’s efforts of revitalizing existing customer relationships as well as the addition of several new customers, domestically and internationally, during the quarter, reports the company.
Randy N. McCullough, Chief Executive Officer of Charles & Colvard, commented, “We are extremely pleased with first quarter 2010 results. We believe that these results are an initial indication that our new strategy of growing our core business with key jewelry manufacturers and distributors, developing leading jewelry brands globally featuring moissanite, and increasing our focus on the end consumer is beginning to take hold.”
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