Firestone Diamonds made a profit after tax of $ 13.6 million for the fiscal year that ended June 30, 2016, compared with a loss of $ 10.4 million a year earlier.
The Firestone noted that the main factor of such indicators was the tax credit in the amount of $ 22.6 million in the current year, which take into account the tax losses carried forward in previous years.
"Thus, the loss before tax is a more appropriate comparison of the financial performance of the Group for the year when losses were reduced by $ 1.4 million to $ 9.0 million (compared with the previous loss of $ 10.4 million)," - added to the company .
The Group has received income from the sale of diamonds, as it still continues to develop the project Likhobong (Liqhobong) in Lesotho.
The company said that the mine project is now nearing completion.
"Our goal is to ensure that the construction project will be completed in the fourth quarter of 2016 within the original budget of $ 185.4 million at the end of the year the group continued to pursue this goal, reaching 85% of the readiness of the project.", - concluded in the Firestone.
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Fantastic collection of diamonds of all categories submitted more than 90 Antwerp diamond companies on the 7th of the Antwerp Diamond Trade Fair (Antwerp Diamond Trade Fair, ADTF) , which opened on January 31.
The opening day of the fair, sponsored by the AWDC (Antwerp World Diamond Centre, AWDC) , was marked by the now traditional "diamond" in the evening (Antwerp Diamond Night).
On Monday, the leading gemologist of the International Gemological Institute (International Gemological Institute) Jean-Mathieu Mangne (Jean-Mathieu Mangnay) hold for the participants of the fair a seminar on identification of synthetic diamonds.
February 2 fair organizers claimed another workshop - on the situation in the market of luxury goods and the role to be played in this segment of the jewelry trade of diamonds.
ADTF enjoys broad industry support and is a key event for international buyers, mainly representing the jewelry industry and trade.
ADTF invitations to may be obtained directly from the organizers, or on the recommendation from one of the participants ADTF, or by registration site fair www.antwerpdiamondfair.com .
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