Harry Winston Diamond Corp. Announces Fiscal Results

Harry Winston Diamond Corporation (TSX:HW,NYSE:HWD) announced its first quarter fiscal 2013 results for the quarter ending April 30, 2012.

As quoted in the press release:

Consolidated sales increased 34% to $192.5 million for the first quarter compared to $143.9 million for the comparable quarter of the prior year. Operating profit was $18.7 million compared to $4.7 million in the comparable quarter of the prior year. EBITDA increased 77% to $44.2 million compared to $25.0 million in the comparable quarter of the prior year.

Harry Winston’s Chairman and CEO, Robert Gannicott said,

We have improved sales, operating margins and profitability in all sectors of our business compared to the equivalent quarter of the prior year. The Diavik mine continues its transition to underground mining while jewelry and timepiece sales demonstrate our success in broadening the reach of the brand beyond reliance on a small, ultra high end market.

Click here to read the Harry Winston Diamond Corporation (TSX:HW) press release.