Tuesday, June 5, 2007

De Beers sales down, but net earnings up

(Reuters) - The world's biggest diamond producer, De Beers, released its operating and financial review for 2006 on Tuesday, saying sales by its DTC unit were down at $6.15 billion, while net earnings rose 32 percent to $730 million thanks to certain asset sales.

The sales figures confirmed data released in February, when De Beers said sales had fallen from $6.54 billion the year before to the group's second highest level on record.


Read more at Reuters Africa

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