RAPAPORT… Botswana Diamonds recorded a profit in the first half of the
fiscal year, benefiting from a drop in the value of the British pound, the
exploration company said this week.
Total comprehensive income stood at $75,799 (GBP 61,000) in
the six months that ended December 31, 2016, compared with a loss of $340,472
(GBP 274,000) during the same period a year earlier.
The profit received a boost from a $244,792 (GBP 197,000)
currency gain, as the Botswana pula appreciated 9% during the half-year against
the British pound – the currency in which the miner reports.