Gemfields sparkles

Coloured gems producer Gemfields is looking forward to ramping up production at it flagship mine in Zambia having laid the groundwork with a lengthy stint of waste removal.

Coloured gems producer Gemfields is looking forward to ramping up production at it flagship mine in Zambia having laid the groundwork with a lengthy stint of waste removal.

Revenue in the six months to the end of December 2011 rose to $45.73m from $29.05m in the corresponding period of 2010. Profit before tax doubled to $31.09m from $15.55m the year before, but the company has now started paying tax, having paid none last year, so the post-tax improvement was less marked; profit after tax was $22.00m versus $15.55m a year earlier.

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