19-Feb-2015 03:56 PM
Petra Diamonds posts strong first half results and increased its full-year guidance.
Revenues for the six months to the end of December were up 16% at $214.8m, adjusted earnings before interest, tax, depreciation and amortisation rose by 22% to $84.9m an
26-Jan-2015 09:21 AM
Petra Diamonds Ltd has issued a trading update for the six months ended 31 December 2014.
· Production down 2% to 1,601,069 carats (H1 FY 2014: 1,634,576 carats); Petra revises its full year production guidance from ca. 3.2 Mcts to ca.
18-Sep-2014 07:34 AM
Petra Diamonds' FY pretax profit rose to $124m, from $74m. Revenue was $471.8m, from $392.5m. Petra said it is mulling bringing the commencement of dividend payments forward from the previously communicated date of FY 2016.
CEO Johan Dippenaar said
09-Sep-2014 08:09 AM
Petra Diamonds has announced the recovery of an exceptional 232.08 carat white diamond at the Cullinan mine in South Africa.
The stone is a D colour Type II diamond of exceptional size and clarity, and is a fine example of the large, high quality diamond
18-Aug-2014 07:23 AM
Petra Diamonds Limited announces its analyst guidance for the year to 30 June 2015 ("FY 2015") and high level guidance for the period thereafter to FY 2019.
Highlights of the guidance are given below:
· FY 2015 carat production of ca. 3.
28-Jul-2014 08:14 AM
Petra Diamonds Limited has issued a trading update for the year to June 30, ahead of its preliminary results for the year, which which will be released on 22 September 2014.
· Production up 17% to 3,110,823 carats (FY 2013: 2,
23-Apr-2014 07:52 AM
Petra Diamonds said it continues to deliver further production and revenue growth, and these results demonstrate it is firmly on track to meet its full-year target of circa 3 million carats.
"The diamond market has had an encouragingly strong start
28-Feb-2014 02:18 PM
Numis upgrades Rightmove to buy from add, target raised from 3,270p to 3,360p. Liberum Capital lifts Costain Group to buy from hold, 300p target unchanged.
Espirito Santo lifts Vodafone to neutral from trading sell, target cut from 238p to 233p.
20-Feb-2014 07:27 AM
Petra Diamonds reported revenue up 19% to $185.5m for the half-year to end-December, with net profit after tax $28.4m. Production rose 31% to 1,635,716cts.
· Profit from mining activity2 up 115% to US$73.4 million (H1 FY 2013: US$34.2 million).
14-Feb-2014 03:59 PM
Petra Diamonds has sold an exceptional 29.62 carat blue diamond for US$25,555,555 (US$862,780 per carat).
The diamond - which was recovered from the Cullinan mine in South Africa in January - was sold following a highly competitive sales process.
23-Jan-2014 07:47 AM
Petra Diamonds Limited said its H1 production rose 31% to 1,635,716 carats, from 1,247,522 carats a year ago. It remains firmly on track to meet FY guidance of about 3.0 Mcts.
Petra's H1 revenue was up 19% to $185.5m, with strong H2 revenue expecte
16-Dec-2013 02:06 PM
Espirito Santo lifts Rolls-Royce to neutral from sell, target raised from 950p to 1,100p. Investec starts buy on Petra Diamonds, target price 152p.
Deutsche Bank lifts Direct Line to buy from hold, target raised from 240p to 265p.
Deutsche Bank lifts St
13-Dec-2013 07:22 AM
Diamond miner Petra Diamonds said today that the two exceptional white Cullinan stones of 126.4 carats and 91.5 carats it reported that it had recovered in November were sold for $8.52m and $3.78m respectively.
The Company will be publishing its Trading
07-Oct-2013 01:47 PM
Petra Diamonds has confirmed it remains on track to meet its guidance of 3.0 million carats for the year to the end of June 2014 despite a strike at some South African mines.
The company said that production in the three months to the end of September to
18-Sep-2013 02:05 PM
Westhouse Securities upgrades Petra Diamonds to buy from add, 150p target unchanged. Liberum Capital downgrades Anglo American to sell from hold.
Citigroup cuts National Express to neutral from buy, target raised from 221p to 283p.
Citigroup lifts Go-A
16-Sep-2013 07:13 AM
Petra Diamonds reported revenue up 27% to $402.7m for the year to end-June (2012: $316.9m). Profit from mining activity was up 34% to $138.6m (2012: $103.3m).
Adjusted EBITDA was up 36% to US$122.4 million (FY 2012: US$90.3 million).
Net profit after ta
30-Jul-2013 09:17 AM
Petra Diamonds Limited has given a trading update for the year to end-June.
- Production up 21% to 2,668,305 carats (FY 2012: 2,208,862 carats), slightly above the revised market guidance of 2.65 million carats ("Mcts").
08-May-2013 08:38 AM
Petra Diamonds said third-quarter production was up 4% to 647,248 carats, while for the nine months to March 31 it was up 20% to 1.89 million carats.
The company said it was on track to meet its full-year production target of 2.65 million carats.
05-Feb-2013 07:42 AM
Petra Diamonds said non-executive director Omar Kamal was stepping down with immediate effect.
Dr Kamal was a representative of Al Rajhi Group, which is Petra's largest shareholder. There are no immediate plans to appoint a new Al Rajhi representat
29-Jan-2013 08:32 AM
Petra Diamonds said its production rose 31% to 1.248 million carats in the first half, while its revenue gained 54% to $156.3 million over the same period.
The company also said it expects its previous production guidance of 2.85 million carats for 2013
13-Nov-2012 08:47 AM
Petra Diamonds reveals that production for Q1 FY 2013 was up 70% to 654,690 carats (Q1 FY 2012: 384,543 carats).
Revenue for Q1 FY 2013 was up 188% to US$51.1 million (318,700 carats) (Q1 FY 2012: US$17.7 million; 109,798 carats.
Petra has entered into
24-Sep-2012 07:21 AM
Petra Diamonds reported revenue up 44% to $316.9m in the year to end-June (2011: $220.6m). Profit from mining activity was up 35% to $103.3m (2011: $76.4m) on production up 98% to 2,208,862 carats (FY 2011: 1,117,795).
Operating cashflow was up 57% to $7
12-Sep-2012 01:06 PM
Petra Diamonds has appointed Anthony ("Tony") Carmel Lowrie as its senior independent non-executive director.
He has been associated for more than 35 years with the equities business and is already a non-executive director of another FTSE 250 m
31-Jul-2012 09:36 AM
Petra Diamonds achieved further strong production growth to 2,208,862 carats for the year ended June 30 2012, an increase of 98% over the previous year.
Revenue was $316.9m, an increase of 44% over the previous year.
The company says its discussions wi
14-Mar-2012 01:40 PM
Petra Diamonds has revealed highly encouraging drilling and microdiamond sampling results from the Kukama East project area in central Botswana.
A total of 1,373m was drilled in five holes; the deepest borehole was drilled to a vertical depth of 516m bel