Material costs grew 26.5% to $31.7 million from $25.1 million in 1Q17 as a result of a change in product mix.
SINGAPORE (May 8): SK Jewellery Group, the jewellery retailer formerly known as Soo Kee Group, reported a 26.3% rise in 1Q earnings to $1.8 million from $1.4 million a year ago on higher revenue.
Revenue for the quarter grew to 19% on-year to $48.6 million mainly due to increasedsales by the group’s subsidiary, SK Bullion, along with higher sales of jewellery products and mementoes.
