Greece's leading costume jewelry company Folli Follie confirmed a 30% profit increase in the first six months of the year.
The popular jewelry brand attributed the stride to its vast surge on the Asian market, and its continual improvement in its native market, that had experienced a decline due to Greece's economic state.
Prior to tax, depreciation, interest and EBITDA, revenues soared to 116.5 million euros in the first half of 2014, compared to last year's same timeframe of 89.6 million euros, Folli Follie claimed.
Folli Follie has branches in over 28 nations in Europe, North America and Asia. The Hellenic brand has experienced a rising demand in Asia, that now makes up approximately two-thirds of its yearly earnings.
As reported by Reuters Eikon, Chinese group Fosun International owns 13.9% of the company. A year before, the Hellenic company's net profits declined from 239.6 million euros to 66 million euros.
- Greece: Gateway for Indian agricultural products to the EU
- Greece sends humanitarian aid to the Gaza Strip with C-130 aicraft
- Santorini, Island of Energy and Timeless Beauty
- Mitsotakis' flash visit to China
- Mitsotakis-Modi decide to double bilateral trade and deepen strategic relationship between Greece and India