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Pin to quick picksGemfields Grou. Share News (GEM)

Share Price Information for Gemfields Grou. (GEM)

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Share Price: 12.375
Bid: 12.25
Ask: 12.50
Change: 0.125 (1.02%)
Spread: 0.25 (2.041%)
Open: 12.25
High: 12.375
Low: 12.25
Prev. Close: 12.25
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Gemfields swings to full-year profit

Mon, 22nd Sep 2014 07:04

Sept 22 (Reuters) - Precious stones miner Gemfields Plc swung to a full-year profit as its revenue from the saleof emeralds and rubies more than tripled.

The company reported a pretax profit of $36.3 million forthe year ended June 30. It reported a pretax loss of $20.1million a year earlier.

The London-listed miner's revenue jumped to $160.1 millionfrom $48.4 million a year earlier. Revenue from its first rubyauction this year generated about $33.5 million.

Gemfields currently mines emeralds in Zambia and rubies inMozambique. Last week the company said it would hunt forsapphires in Sri Lanka. (Reporting by Karen Rebelo in Bangalore; Editing by GopakumarWarrier)

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UPDATE 2-Gemfields looks to expand trading in precious stones

* Trading could contribute "sizeable chunk" of revenue - CEO * CEO expects to obtain trading approval in Zambia * First-half core earnings more than triple (Adds details, CEO comment, share price) By Mamidipudi Soumithri March 9 (Reuters) - Trading in precious stones co

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9 Mar 2015 09:52

Gemfields 2014 Profit Rises On Higher Revenue But Average Grade Slips

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9 Mar 2015 07:34

Gemfields reports second-half figures in line with forecasts

Precious stones miner Gemfields saw second-half revenues jump, while operating profits more than tripled. Revenues were standing 57% higher at $103.4m by 31 December 2014. Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by approximately 243% to reach $61.7m. Produc

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9 Mar 2015 07:23

Gemfields' core profit more than triples as auction sales rise

March 9 (Reuters) - Precious stones miner Gemfields Plc said its core earnings more than tripled in the first half of the fiscal year as it produced more gemstones and auction sales rose. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose to $61.7 million from

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