Petra Diamonds (GB:PDL) has released an update.
Petra Diamonds Limited reports a 36% increase in carats sold and a 13% rise in revenue in FY 2024 compared to the previous year, driven by steady operations and strategic sales timing. Despite a challenging diamond market, the company reduced net debt by $11 million and aims to generate net free cash flow, continuing to strengthen its financial position. Petra is poised to navigate market volatility with its high-quality assets and a focus on cost savings and capital management.
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