DIAMOND CUTTER KRISTALL EXPECTS TO BREAK EVEN IN Q3

摘要

Kristall of Smolensk, Russia's biggest diamond cutting enterprise, closed the first half of 2009 with net losses but expects to break even in the third quarter, Maxim Shkadov, the state-owned company's general director, told Interfax. "We had losses of about 200 million rubles, but a very good tendency is emerging. The end of last year and the first quarter were just a nightmare for everybody. We accomplished our social mission and kept ourselves functioning, hence the losses. We worked those losses off for almost the entire second quarter and we should finally make them good in the third quarter," Shkadov said.