Firestar Diamond, Fantasy see combined $430,005 net loss for November

By Caroline Salls

Pittsburgh, Dec. 31 – Firestar Diamond Inc. and Fantasy Inc. reported a combined $430,005 net loss for November on $12,178 in net revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

Those figures compared to a $805,072 net loss posted for October on $8,548 in net revenue.

The companies had $387,473 in unrestricted cash and equivalents as of Nov. 30, down from $6.15 million at the end of October.

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.

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