The fair culminated today but was not able to garner a good response. Decrease in number of visitors, cutback in jewellery buying from Indian buyers and close proximity of dates of Mumbai Signature and Hong Kong Show dampened the spirits.
The month of March saw significant developments at Mediagrif Interactive Technologies Inc. – scaling back of the company’s international operations with the sale of its Indian operations, through Centerac DMCC to its co-shareholder; liquidation of its Dubai joint venture held through Polygon DMCC and its subsidiaries. %% Revenues for the company increased by a thin margin, for the year ending 31, March, 2009, and amounted to C$47.9 million, from C$47.7 million worth of revenues last year. The company incurred higher total operating expenses in the year, worth C$44.6 million, as compared to C$34.9 million the previous year. Net loss was worth C$1.3 million and basic loss per share valued at C$0.09 per share. Cash reserve also saw a dip from C$27.8 million last year to C$27.7 million in the current year. %% Mediagrif Interactive Technologies Inc. operates e-commerce platforms for buyers and sellers to source and trade products and exchange documents. It is also the owner of diamond trading platform – Polygon.
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