African Diamonds releases financial report

African Diamonds has released its financial report for the fiscal year ending June 30, 2007, with a perspective of the company’s performance over the years. With African Diamonds holding assets worth £7 million at the time of its inception in 2001, it now owns 28.38% of the AK6 project in Botswana, 30% of Atlas - a joint venture company with De Beers, 35.42% in the Congolese diamond company Bugeco and 12.5% in West African Diamonds. Towards the bottom line of the report African Diamonds has declared a £364,000 loss as compared to a £385,000 of last fiscal.