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Firestone Diamonds (FRA:GYF1) Net Income : €-38.96 Mil (TTM As of Jun. 2020)


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What is Firestone Diamonds Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Firestone Diamonds's Net Income for the six months ended in Jun. 2020 was €0.00 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2020 was €-38.96 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Firestone Diamonds's Earnings per Share (Diluted) for the six months ended in Jun. 2020 was €0.00.


Firestone Diamonds Net Income Historical Data

The historical data trend for Firestone Diamonds's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Firestone Diamonds Net Income Chart

Firestone Diamonds Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.02 -103.61 -9.96 -39.00 -15.23

Firestone Diamonds Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Jun20
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.07 -3.81 -5.97 -32.99 -

Firestone Diamonds Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Firestone Diamonds's Net Income for the fiscal year that ended in Jun. 2020 is calculated as

Net Income(A: Jun. 2020 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-19.641+0.051+0+4.356
=-15.23

Firestone Diamonds's Net Income for the quarter that ended in Jun. 2020 is calculated as

Net Income(Q: Jun. 2020 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=0+0+0+0
=0.00

Net Income for the trailing twelve months (TTM) ended in Jun. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-38.96 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Firestone Diamonds  (FRA:GYF1) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Firestone Diamonds's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2020 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Firestone Diamonds Net Income Related Terms

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Firestone Diamonds (FRA:GYF1) Business Description

Traded in Other Exchanges
N/A
Address
207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS
Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

Firestone Diamonds (FRA:GYF1) Headlines

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