Petra sees surge in first-quarter revenues

FTSE 250 miner Petra Diamonds recorded a strong rise in revenue in the first quarter of its fiscal year as production surged, while the firm announced that it has signed new debt facilities with a group of banks.

FTSE 250 miner Petra Diamonds recorded a strong rise in revenue in the first quarter of its fiscal year as production surged, while the firm announced that it has signed new debt facilities with a group of banks.

Revenue in the quarter between July and September totalled $51.1m, up 188% on the $17.7m recorded the year before. Only one tender was held during this quarter due to the timing of industry holidays, the group said.

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