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IN BRIEF: Petra First-Quarter Revenue Up 33% But Output Down

27th Oct 2020 17:54

Petra Diamonds Ltd - operator of diamond mines in South Africa - Says output in first quarter ended September down 10% annually to 974,346 carats from 1.1 million carats as Williamson mine on care and maintenance. First quarter revenue up by a third to USD82.0 million from USD61.6 million. "Due to ongoing uncertainty around the impact of Covid-19, production guidance for FY 2021 remains suspended," Petra says.

Current stock price: 1.55 pence

Year-to-date change: down 82%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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