De Beers announced its profits soared more than 33 percent over the past year — a number that may rankle its customers who complain they are losing money on their sight boxes.
[two_third]
The company’s operating profit over fiscal year 2014 climbed 36 percent to $1.4 billion, and revenue grew 11 percent to $7.1 billion, according to a statement from majority owner Anglo American. More than 90 percent of its revenue came from rough diamond sales, which rose 12 percent to $6.5 billion.
Anglo CEO Mark Cutifani said De Beers accounted for 28 percent of its profits, making it the second largest contributor.
[/two_third][one_third_last]
“More than 90 percent of its revenue came from rough diamond sales, which rose 12 percent to $6.5 billion.”
[/one_third_last]
In a corporate video, CEO Philippe Mellier said the United States was strong for more of the year, although “the selling season around Christmas was a little below what we were expecting.”
