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23 Feb 2022 06:57
IN BRIEF: Petra Diamonds sets out three-year production guidance
Petra Diamonds Ltd - diamond miner in South Africa and Tanzania - Pretax profit falls by a third to USD62.7 million in the financial half year that ended December 31 from USD90.7 million a year before. Revenue of USD264.7 million, up 49% from USD178.1 million, was in line with a trading update provided by Petra back in January. Operating costs rose in line with revenue, but Petra booked lower financial income and higher financial expense and also suffered negative currency movement. The company declared no interim dividend, the same as a year before.
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