Petra Diamonds Full Year 2023 Earnings: Misses Expectations
Petra Diamonds (LON:PDL) Full Year 2023 Results
Key Financial Results
Revenue: US$325.3m (down 44% from FY 2022).
Net loss: US$64.8m (down by 194% from US$69.0m profit in FY 2022).
US$0.33 loss per share (down from US$0.35 profit in FY 2022).
PDL Production and Reserves
Diamond
Production: 0.533 t (0.671 t in FY 2022)
Proved and probable reserves (ore): 92.6 Mt (103.6 Mt in FY 2022)
Number of mines: 3 (4 in FY 2022)
All figures shown in the chart above are for the trailing 12 month (TTM) period
Petra Diamonds Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 161%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat.
Performance of the British Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Petra Diamonds that you should be aware of.
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