Lucapa Diamond Co. Ltd. (AU:LOM) has released an update.
Lucapa Diamond Co. Ltd. has reported a challenging first half of 2024, with a 13% increase in EBITDA to US$1.4 million but a shift from a modest profit to a US$1.2 million loss after taxes compared to the previous year. The company experienced a downturn in diamond market conditions, with a decrease in total carats recovered and a significant drop in average price per carat. Despite these challenges, Lucapa continues to receive strong demand for its premium-quality diamonds.
For further insights into AU:LOM stock, check out TipRanks’ Stock Analysis page.
