Edition:
India

Petra Diamonds Q3 Revenue Fell 7 Pct To $135.2 Mln


Monday, 15 Apr 2019 

April 15 (Reuters) - Petra Diamonds Ltd ::PETRA DIAMONDS - Q3 2019 TRADING UPDATE.Q3 REVENUE FELL 7 PERCENT TO 135.2 MILLION USD.PETRA DIAMONDS - Q3 2019 TRADING UPDATE.Q3 PRODUCTION OF 924,228 CARATS (Q3 FY 2018: 992,315 CARATS).PRODUCTION GUIDANCE OF 3.8 - 4.0 MILLION CARATS FOR FY 2019 MAINTAINED.PETRA DIAMONDS - Q3 PRODUCTION OF 924,228 CARATS (Q3 FY 2018: 992,315 CARATS.Q3 INCREASED PRODUCTION AT CULLINAN, KOFFIEFONTEIN AND WILLIAMSON, OFFSET BY LOWER PRODUCTION AT FINSCH.PRODUCTION FOR NINE MONTHS TO 31 MARCH 2019 UP 4% TO 2,943,374 CARATS (FY 2018 YTD: 2,836,272 CARATS).Q3 REVENUE DECREASED 7% TO US$135.2 MILLION DUE TO A 6% REDUCTION IN SALES VOLUMES TO 1,061,343 CARATS SOLD.NET DEBT REDUCED TO CA. US$553.1 MILLION, (31 DECEMBER 2018: US$559.3 MILLION).