Gemfields withholds dividend as profit falls
The precious stone miner removed November emerald auction from 2023 schedule after lower than expected production at Kagem mine
22 September 2023 - 12:03
Gemfields, the precious stone miner and owner of Fabergé, decided against paying an interim dividend after a fall in profit as revenue and production declined.
The company, valued at about R4bn on the JSE, said in its results for the six months to end-June that headline earnings per share (HEPS), a common profit measure in SA that excludes certain items, was down 78.4% to 0.8 US cents and the fiscal profit 68% to $18.1m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.