Pandora reports 46 percent drop in its profit for the first quarter
Danish based jewelry maker Pandora reported a 46 percent drop in its profit for the first quarter and lifted its revenue forecast for the full year. Pandora’s quarterly net profit declined to 383 million Danish kroner ($57.3 million), versus a year-ago profit of DKK704 million. Its revenue surged to DKK3.55 billion versus DKK2.59 billion, while operating profit climbed to DKK1.24 billion versus DKK887 million. Pandora now projects 2015 revenue to rise to more than DKK15 billion, versus prior forecast of DKK14 billion.