DFI Nine-Month Revenues Up 75% to $2 Million
May 04, 08Diamond Fields International’s (DFI) revenues for the nine months ended March 31, entirely from diamond sales, totaled $2.019 million, a 75 percent increase over the previous year period. Net loss for the same period came to $2.667 million, compared with a net loss of $3.528 million in 2007.
Sales of 5,342 carats of diamonds held in inventory realized an average price per carat of $217.74, earning gross proceeds of $1.163 million, during the quarter ended March 31.
The company’s marine operations off the coast of
Aside from its marine operations, DFI’s international exploration activities in the quarter focused on its diamond and gold properties in
In related news, the company announced that Gooroodeo (Mahen) Sookun has been appointed CFO of the company, succeeding Waldo Pienaar, who resigned effective April 30 “to pursue other business interests.”
Sookun, a director of DFI since May 2007, is a fellow of the Association of Chartered Certified Accountants,