Petra Diamonds Ltd (PDL.L)
22 Feb 2019
Mon, Feb 18 2019
* Aims for net debt/EBITDA at 2 by mid 2020 from 3.3 (Adds CEO comments, share price, analysts)
Feb 18 Miner Petra Diamonds Ltd has appointed former AngloGold Ashanti finance director Richard Duffy as its new chief executive officer, the company said on Monday as it reported first-half adjusted core earnings of $75.6 million.
* Mine owned by Petra Diamonds may take 5-10 years to clear debt
Jan 28 Shares of Petra Diamonds Ltd slid as much as 10 percent on Monday after lower diamond prices at its flagship Cullinan mine and an increase in net debt took the shine off higher half-year revenue.
Jan 28 Shares in Petra Diamonds Ltd slumped as much as 10 percent as lower diamond prices at its flagship Cullinan mine overshadowed an increase in half-year revenue.
* Adjusted EBITDA jumps in FY 2017 (Adds details, updates with comment, updates shares)