Gemfields profits leap as sales double

Gemfields, the AIM-listed emerald miner, posted a 140 per cent leap in profit before tax and exceptional items for the year ended June 30th after revenue from emerald and beryl sales more than doubled.

Gemfields, the AIM-listed emerald miner, posted a 140 per cent leap in profit before tax and exceptional items for the year ended June 30th after revenue from emerald and beryl sales more than doubled.

Revenue for the period came in at $83.7m (2011: $40.2m), while the total cost of sale rose $7.0m to $22m and pre-tax profit totalled $47.8m (2011: $19.9m). Reported pre-tax profit soared to $248.9m. Basic earnings per share rose from $0.05 to $0.37.

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