Petra Diamonds Posts Loss for First Half of 2012

Mining Weekly reported Petra Diamonds (LSE:PDL) posted a net loss of $26.7-million for the first half of its 2012 financial year.

As quoted in the market news:

The loss compares with profit of $24.5-million in the first half of the previous financial year.

Adjusted profit before foreign exchange losses and nonrecurring transaction costs increased to $11.8-million, from $3.6-million a year earlier. Adjusted earnings a share were 2.46c, compared with 0.86c in 2011.

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