VANCOUVER – Rockwell Diamonds Inc. (TSX:RDI) cited a big currency exchange loss as a major factor in the reversal of year-over-year third-quarter results as the company posted a comprehensive loss of $ 10.7 million.
The loss by Rockwell, which is focused on operations in South Africa but is listed on the Toronto Stock Exchange, amounted to 22 cents per share and included $ 7.1 million in exchange differences on translating foreign operations.
That compared with a profit of $ 8.4 million or 24 cents in the same year-earlier period when it booked a $ 9.5-million gain on exchange differences.
Revenue in the three months ended Nov. 30. was $ 8.3 million, down from $ 11.1 million.
Local news from metronews.ca/vancouver
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