MILAN, June 15 (Reuters) - Shares in Italian jeweller Damiani SpA (DMN.MI) fell on Monday 15 June after the release of its full-year results on Friday 12 June, which showed a swing to a loss and a 14 percent fall in revenues, hit by weak economic conditions.

Damiani

At 1135 GMT, Damiani stock was down 5.02 percent to 1.2110 euros. One analyst said the lower share price was certainly linked to the results announcement late on Friday 12 June, after the market close.

"There are no doubts that the actual macroeconomic context remains volatile and uncertain in Italy and other countries where the group operates," Chairman Guido Damiani said in a statement on Friday 12 June.

In the year to March 31, the company reacted by completing the acquisition of the Rocca jewellery chain as well as making other retail openings in Los Angeles and Tokyo, he said.

"Finally ... the group has launched a series of rationalisation actions aimed at containing operating costs for the year underway for at least 5 million euros," he said.

These efforts aim to improve the result for the year ended March 2010, he said.

The company posted a full-year net loss of 4.7 million euros ($6.53 million), against a profit of 7.6 million euros in the year to March 2008, the company said.

Full-year revenues of 149.8 million euros included a 28 percent fall in wholesale sales to 107.2 million euros, which was only partially offset by a more than doubling in retail sales to 25.4 million euros, the company said. ($1=.7203 Euro) (Writing by Nigel Tutt; editing by Simon Jessop)