Gemfields has announced its financial results for the fiscal year ending June 30, 2010, which closed on a good note, leaving the company optimistic in achieving its goal as a being a market leader within the premium colored gemstone sector. %% Revenues in the said 12 months valued $19.91 million rising from $815,456 in the corresponding previous year. Profit amounted to $2.58 million, showing improvement over the $201.4 million worth of loss incurred the precious year. %% Production of emerald and beryl slipped from 28 million carats last year to 17.4 million carats in the said fiscal year. Emerald inventory valued $16.5 million. Operating costs were curbed by 20 percent at the Kagem emerald mine. The company ended the period with $2.9 million worth of cash on hand.