Petra Diamonds Sees Revenue Rise Amid Market Softness

Petra Diamonds (GB:PDL) has released an update.

Petra Diamonds Limited reports a 13% increase in FY 2024 revenues to US$366 million, despite a 3.8% drop in like-for-like diamond prices in its seventh tender cycle. The company sold fewer diamonds compared to the previous year but benefited from the sale of three partnership stones, contributing to a modest profit uplift. Petra maintains its FY 2025 pricing assumptions, amidst a market expected to be subdued until year’s end.

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