Lab-grown diamond manufacturer Scio Diamond was not able to make its goal of breaking even this past fiscal year, as production expanded but revenue shrank.
The Greenville, S.C.–based company reported a $4.4 million loss for fiscal year 2015, slightly lower than the prior year’s $4.9 million loss. Revenue for the year totaled $726,193, a 48 percent fall from last year’s $1.41 million. Carat production increased 71 percent, and the average crystal size more than doubled, the company said, without getting more specific.
Photo Feature:
This is not a Photo Feature.
No comments:
Post a Comment