By  on December 12, 2008

The retail segment of Harry Winston Diamond Corp. posted a larger loss in the third quarter, but the firm, helped by a surging U.S. dollar, reversed a year-ago loss to post a profit in the period.

For the quarter ended Oct. 31, the Toronto-based firm’s retail operations recorded an operating loss of $4 million, higher than the $3.6 million loss in the year-ago period. Retail sales in the three months increased 7.7 percent to $57.9 million from $53.8 million last year.

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