Firestar Diamond, Fantasy post combined $1.36 million December loss

By Caroline Salls

Pittsburgh, Jan. 23 – Firestar Diamond Inc. and Fantasy Inc. reported a combined $1.36 million net loss for December on $137,559 in net revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

Those figures showed a decline from the $509,914 net loss posted for November on $1.55 million in net revenue.

The companies had $2.27 million in unrestricted cash and equivalents as of Dec. 31, down from $2.9 million at the end of November.

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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