Gemfields expects profits to fall by a fifth amid dull ruby performance
18 September 2019 - 08:38
Precious-stone producer Gemfields said on Wednesday it expects its interim profit for the year to end-June to fall 22%, reporting a drop in revenue at its Montepuez ruby mine (MRM) in Mozambique.
Headline earnings per share is expected to fall 8% to 0.11c in rand terms, but remain unchanged at USD1c for the period, the company said...
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