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Petra first-half core earnings rise 20% on newly bought Finsch mine output

Reuters
February 26, 2013, 12:15 am TWN

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Reuters--South African Miner Petra Diamonds Ltd. reported 20 percent higher core earnings for the first half, helped by production at its recently purchased Finsch mine.

Adjusted earnings before interest, taxes, depreciation and amortization rose to US$32.6 million for the six months to Dec. 31 from US$27.1 million a year earlier.

Petra, which has seven operating mines in South Africa and one in Tanzania, said revenue grew 63 percent to US$151.7 million.

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