Petra Diamonds Q3 production flat; Sees FY in line with guidance

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Sharecast News | 24 Apr, 2017

Updated : 07:37

16:00 15/11/24

  • 34.50
  • -3.63%-1.30
  • Max: 35.80
  • Min: 33.90
  • Volume: 415,283
  • MM 200 : n/a

Third quarter production at Petra Diamonds was flat year on year at 999,768 carats compared with 995,905 carats.

Production for nine months to 31 March 2017 was up 15% to 3,014,856 carats. Petra said it maintained full year production guidance of around 4.4m carats.

Revenue fell 1% in the quarter to $119.1m, with no revenue from exceptional diamonds. Nine month revenue rose 27% to $347.6m, including $10.9m from exceptional diamonds.

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