re: Ann: Atlas Enjoys Improved Revenue as Pea...
Now we know why they were so upbeat.
* The conclusion of their most successful pearl sales event to date with the highest average price achieved since 2007.
* There is no producer comparable to Atlas in the 9-13mm high quality categories of white and silver pearls according to buyers.
* Group revenue for July 2013 more than doubled from $1.2m in July 2012 to $2.6m in July 2013.
* During July, Essential Oils of Tasmania achieved $180,000 of Australian manufactured exports.
* Since the collapse of the pearl market in 2009, while other growers reduced or ceased pearl production, Atlas expanded its capacity. Due to the global reduction in pearls, Atlas' products are now in high demand.
* Improving global market outlook for luxury goods including pearls and increasing consumption of luxury goods in key emerging markets such as China.
ATP Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
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