Petra narrows full-year loss, but curtailed demand cuts earnings by nearly 60%
London-listed Petra Diamonds has posted a net loss of $223-million for the financial year ended June 30 – an improvement on the net loss after tax of $258-million reported for the 2019 financial year.
The loss included a non-cash impairment charge of $91.9-million, whereas the loss for 2019 had included a non-cash impairment charge of $246-million.