Firestar Diamond, Fantasy see combined $1.45 million September loss

By Caroline Salls

Pittsburgh, Oct. 22 – Firestar Diamond Inc. and Fantasy Inc. reported a combined $1.45 million net loss for September on $93,352 in net revenue, according to a monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

Those figures showed a decline from the $531,538 net loss posted for August on $180,231 in net revenue.

The companies had $902,229 in unrestricted cash and equivalents as of Sept. 30, up from $851,244 at the end of August.

Firestar Diamond is a subsidiary of Mumbai-based diamond manufacturer Firestar International Pvt. Ltd. The company filed for bankruptcy on Feb. 26, 2018 under Chapter 11 case number 18-10509.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.