Petra Diamonds (LON:PDL) First Half 2024 Results

Key Financial Results

• Revenue: US$187.8m (down 12% from 1H 2023).

• Net loss: US$9.50m (loss narrowed by 60% from 1H 2023).

• US$0.049 loss per share (improved from US$0.12 loss in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Petra Diamonds Earnings Insights

Looking ahead, revenue is forecast to grow 18% 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 shares are down 7.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Petra Diamonds you should be aware of, and 2 of them make us uncomfortable.

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