Petra Diamonds FY 2016 Preliminary Results Earnings

Petra Diamonds reported FY 2016 record production of 3.7 million carats and 19.0 million tonnes, with EBITDA margin expansion to 38%. Expansion programmes at Finsch and Cullinan are on track, and the company expects continued production growth with FY 2019 targets increased to 5.3 million carats and EBITDA margins above 40% in FY 2017.