Firestar Diamond, Fantasy report combined $249,887 net loss for May

By Caroline Salls

Pittsburgh, June 26 – Firestar Diamond Inc. and Fantasy Inc. reported a combined $249,887 net loss for May on $81,017 in net revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

Those figures showed improvement over the $506,356 net loss posted for April on $13,088 in net revenue.

The companies had $1.81 million in unrestricted cash and equivalents as of May 31, up from $1.56 million at the end of April.

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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