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Weak Market and Product Mix Dent Petra Revenue
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Weak Market and Product Mix Dent Petra Revenue
Petra Diamonds’ sales fell 24% year on year in the fourth fiscal quarter, as the miner offered lower-value goods and market conditions remained weak. Revenue declined to $38 million for the three months that ended June 30, the company said Wednesday. Revenue also fell 44% from the previous quarter, during which the miner sold a blue diamond weighing 41.82 carats. Sales volume slipped 20% year on year to 547,220 carats, while the average price di…
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Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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