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TRADING UPDATES: Petra prices recover; Zoo Digital earnings to jump
Tue, 20th Apr 2021 18:36
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Petra Diamonds Ltd - diamond miner - Reports third quarter revenue of USD106.0 million, up 16% on a year ago as prices recovered to pre-virus levels. Third quarter production 704,498 carats, down from 932,456 carats year-on-year, with group s quarterly revenue increase driven by improved pricing. On a like-for-like basis, realised diamond prices increased around 12% from those achieved in the first half of the financial year. We are seeing encouraging signs of a recovery in the diamond market, supporting better pricing, reflected in the third quarter revenue numbers. Post completion of the capital restructuring, Petra is in a far stronger position, with a solid platform for future growth and development, says Chief Executive Rich ....

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