Operating Income Up 32% as Jewelry Firm Begins Expansion Into China's Retail Market
LJ International, Inc. (LJI) (JADE), one of the fastest-growing fine jewelry companies in the world, today announced financial results for the first quarter of 2004, ending March 31. The year-over-year revenue increase continued the trend of the past year, when sales rose 26% from 2002 to 2003. The Company attributed the first- quarter rise in sales to acceptance of new products, new customers as well as an increase in orders from existing customers.
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