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RAPAPORT… Firestone Diamonds said a $22.6 million tax credit helped
the company post a profit in fiscal 2016.
The company swung to a net income of $13.6 million over the
12 months to June 30, resulting from the recognition of tax credits related to losses
incurred in prior years. Firestone would have made a loss of $9 million excluding the tax credit, compared with a $10.4 million l…

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