Dominion Diamond Q1 Net Profit Falls

(RTTNews) - Dominion Diamond Corp. (DDC, DDC.TO) reported net profit attributable to shareholders of US$14.7 million or US$0.17 per share for the quarter, compared to US$506.2 million or US$5.96 per share for the year-ago quarter.

The year-ago quarter results included income from discontinued operations of $502.7 million.

Analysts polled by Thomson Reuters expected the company to earn US$0.11 per share for the first quarter.

Sales from continuing operations were US$175.5 million for the quarter, compared to $108.8 million for the same quarter last year, resulting in an operating profit of $30.7 million, compared to an operating profit of $10.5 million in the comparable quarter of the prior year.