Trans Hex, which owns diamond mines in South Africa and Angola, is expected to report a loss of $ 6.4 million for the 12 months to March 31, 2016 against a profit of $ 12.1 million a year earlier.
It is expected that the company will release the results of its operations in the near future.
Trans Hex also expects losses before tax payment of $ 8 million from continuing operations, against a profit of $ 10.7 million a year earlier.
According to the company, the price of diamonds mined it fell by 23.5% in the reporting period compared to the same period last year, while the sales performance has improved due to the weakening of the South African rand against the US dollar.
As noted in Trans Hex, revenue in the last fiscal year was $ 42.8 million.
Profit after tax from the closing of operations was $ 1.5 million versus $ 1.4 million a year earlier.
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