Weak demand takes shine off Petra Diamonds revenue
Production in 2019 expected to be lower
22 July 2019 - 15:34
Petra Diamonds Ltd reported full-year revenue below analysts’ estimates on Monday and said it expects 2019’s production to be slightly lower, as it struggles with a diamond market hit by weak demand and lack of easy credit.
The SA-focused company’s shares were down 4.4% at 17.2p in morning trading...
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