Business
Half Yearly Report
Half Yearly Report.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n RNS Number : 7005N Petra Diamonds Ld 23 February 2009 \n \n\n\n23 February 2009 AIM: PDL\n\nPetra Diamonds Limited \n('Petra Diamonds', 'Petra', 'the Company' or 'the Group')\n\nInterim results for the six months to 31 December 2008\n\nFocus on cash-generative production \n\n\nPetra Diamonds Limited, the international diamond mining group, announces its interim results (unaudited) for the six months to 31 December 2008 ('the Period'). \n\n\nOperational and financial highlights\n\n\n\nGross revenue* from rough diamond sales for the Period: US$47.3 million, a 49% increase on the six months to 31 December 2007: US$31.7 million; Group attributable revenue* from rough diamond sales for the Period: US$33.8 million (31 December 2007: US$31.7 million) \n\n\n\n\nGross production of 550,413** carats, a 444% increase on the six months to 31 December 2007: 101,213 carats\n\n\n\n\nOn-mine gross profit: US$10.2 million (2007: US$15.5 million)\n\n\n\n\nSouth African mines cash flow positive for the Period; cash mainly applied on Cullinan and Williamson acquisitions, Kimberley Underground development / plant and Angolan exploration (now ended), resulting in cash at bank US$10.5 million (2007: US$59.0 million) \n\n\n\n\nTotal resource base increased to 265 million carats (value US$27.3 billion as at September 2008 Resource Statement)\n\n\n\n\nCur...