- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Petra Diamonds Increases Revenue, Production in Third Fiscal Quarter
Petra Diamonds Ltd. (LSE:PDL) provided an interim management statement that covers production and sales for its third fiscal quarter, the period between January 1, 2014 and March 31, 2014.
Petra Diamonds Ltd. (LSE:PDL) provided an interim management statement that covers production and sales for its third fiscal quarter, the period between January 1, 2014 and March 31, 2014.
Highlights include a 55-percent increase in revenue from the year-ago quarter; specifically, revenue hit US$163.9 million.
Other key points include:
- Production for Q3 FY 2014 up 15% to 743,424 carats (Q3 FY 2013: 647,248 carats).
- Production for nine months to 31 March 2014 up 26% to 2,379,140 carats (nine months to 31 March 2013: 1,894,767 carats).
- Petra firmly on track to meet FY 2014 production target of ca 3.0 million carats.
- Revenue is weighted towards the second half of the financial year (‘H2′) due to the usual seasonal timing of Petra’s diamond sales; two more tenders are to take place between the date of this IMS and financial year-end.
- A strong start to the calendar year for the rough diamond market, with prices achieved by Petra up around 10%; Petra expects the market to consolidate around current price levels for the remainder of FY 2014.
Click here to read the full Petra Diamonds Ltd. (LSE:PDL) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.