Petra Diamonds Records Production of 2,668,305 Carats in Latest Fiscal Year

Petra Diamonds Ltd. (LSE:PDL) released its unaudited preliminary results for the year ended June 30, 2013, commenting that its revenue rose 27 percent from the year-ago period, to US$402.7 million. Its production also increased, rising 21 percent to hit 2,668,305 carats.

Other financial highlights include:

• Profit from mining activity¹ up 34% to US$138.6 million (FY 2012: US$103.3 million).
  
• Adjusted EBITDA² up 36% to US$122.4 million (FY 2012: US$90.3 million).
• Net profitafter tax of US$27.9 million (FY 2012: US$2.1 million loss).
• Adjusted net profit after tax³ up 22% to US$48.3 million (FY 2012: US$39.6 million).
• Adjusted operating cashflow⁶ up 57% to US$132.8 million (FY 2012: US$84.6 million).
• Basic EPS: 6.30 cents per share (FY 2012: 0.48 cents per share loss).
• Adjusted EPS⁵: 10.31 cents per share (FY 2012: 7.82 cents per share).
•  Cash at bank: US$26.2 million (30 June 2012: US$47.3 million).
  • Diamond debtors (all settled shortly after Year end) of US$74.8 million (FY 2012: US$25.1 million).
  • Diamond inventories of US$31.5 million (FY 2012: US$24.5 million).
• Loans and borrowings: US$147.0 million (FY 2012: US$69.2 million).
  • acilities undrawn (net of US$3.6 million utilised for foreign exchange settlement lines (30 June 2012: US$nil)) and available to the Group of US$71.3 million (30 June 2012: US$66.3 million); net debt in line with management’s expectations.

Click here to read the full Petra Diamonds Ltd. (LSE:PDL) press release.