Crappy #'sTORONTO, Dec. 9 /PRNewswire-FirstCall/ - Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) (the "Company") today reported third quarter results for the period ended October 31, 2009. Results were impacted by the planned temporary closure of the Diavik Diamond Mine leading to only a single diamond sale in the quarter. The Company recorded a consolidated net loss of
.2 million or $nil per share for the third quarter, compared to net earnings of $71.9 million or $1.17 per share in the third quarter of the prior year and compared to a net loss of $24.5 million or
.32 per share in the second quarter of the current year. Included in consolidated net earnings for the prior year was a net foreign exchange gain of $49.0 million or
.80 per share primarily on future income tax liabilities compared to a net foreign exchange gain of $1.6 million or
.02 per share in the current quarter.
Harry Winston retail only makes money off insurance settlements when they get robbed. It is a wonder they can even get insurance any more.