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

Petra Diamonds Ltd.(DI)

34.50p

15:44 15/11/24

-3.63%

-1.30p

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

FTSE 250

20,508.75

15:45 15/11/24

n/a

FTSE 350

4,453.56

15:45 15/11/24

n/a

FTSE All-Share

4,411.85

15:45 15/11/24

n/a

Mining

10,633.77

15:45 15/11/24

1.51%

158.40

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.