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Trans Hex posts significant FY16 losses

Diamond producer Trans Hex on Thursday reported a substantial swing into the red during the financial year ended March 31. Headline earnings a share plunged from 78.6c in 2015 to a headline loss a share of 56.9c in the year under review, while a basic loss a share of 94.4c was reported in 2016, a significant drop on the basic earnings a share of 181.1c achieved in the prior year.