GJ Town India

Petra revenue down 8% in H1 2020   Petra Diamonds Limited presented its’ Interim results for the six months to 31 December 2020 as H1, 2020. At Financial front Petra said, Revenue down 8% to US$178.1 million from 1,712,797 carats sold (H1 FY 2020: US$193.9 million from 1,743,807 carats sold) with the US$40.4 million proceeds from the Letlapa Tala Collection of blue diamonds, offset by weaker prices following the Covid-19 outbreak and fewer tenders during the Period.   Diamond pricing on a like-for-like basis increased by a further 8% at the Company's January 2021 tender that is confirming that pricing has now returned to pre-Covid-19 levels. Adjusted EBITDA3 up 20% to US$80.8 million (H1 FY 2020: US$67.2 million) yielding an adjusted EBITDA margin of 45%, up from 35% in H1 FY 2020 and 22% in FY 2020; driven by the sale of the Letlapa Tala Collection and reduced mining and processing costs. By casting their Outlook, Petra said, due to the ongoing uncertainty around the impa...

Petra Diamonds Limited announces its preliminary results (unaudited) for the year ended 30 June 2018. According to the result report, Revenue remained up by 25% to US$495.3 million over the FY 2017 of US$394.8 million. Profit from mining activities gone up by 33% to US$205.1 million over the previous FY 2017 of US$153.9 million. Previously Petra had reported Koffiefontein impairment charge of US$66 million. Total loss on discontinued operations relating to KEM JV shoot up to US$104.3 million against US$52.0 million impairment passed in H1 FY 2018, further impairments of US$40.7 million in H2 FY 2018, and a trading loss of US$11.6 million for the Year. Net loss after tax of US$203.1 million over the FY 2017 net profit after tax: US$20.7 million, including KEM JV. Adjusted operating cashflow13 up 7% to US$157.0 million against FY 2017: US$147.0 million, despite the negative impact of the blocked Williamson parcel and overdue VAT receivables in Tanzania. Net debt reduced to U...