Difference between revisions of "UK s Gem Diamonds FY Pretax Profit Nearly Halves On Botswana Mine..."
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| − | March 15 (Reuters) - Gem Diamonds Ltd reported on Wednesday a 47 percent fall in its full-year pretax profit, hurt by | + | March 15 (Reuters) - Gem Diamonds Ltd reported on Wednesday a 47 percent fall in its full-year pretax profit, hurt by an impairment charge after it mothballed the Ghaghoo mine in Botswana due to a fall in diamond prices.<br><br>The company recorded an impairment provision of $176.5 million after its move last month to place the Ghaghoo mine under care and maintenance with immediate effect.<br><br>[http://www.chodian.com/nhung-danh-gia-thau-dao-ve-nguyen-nhan-dau-tu-sinh-loi-tai-du-an-gem-riverside-quan-2.t6855/ gem riverside quận 2] Diamonds, which mines diamonds from the Letseng mine in [http://Venturebeat.com/?s=Lesotho Lesotho] and the Ghaghoo mine in Botswana, said its full-year pretax profit fell to $52.4 million from $99 million, a year earlier. If you liked this article and you also would like to be given more info relating to [http://themeviet.org/forum/threads/du-an-gem-riverside-dat-xanh-dang-mua-o-voi-07-ly-do-chinh-dang.11620/ du an GemRiverside] kindly visit our own web-page. (Reporting by Justin George [https://Www.biggerpockets.com/search?utf8=%E2%9C%93&term=Varghese Varghese] in Bengaluru; Editing by Amrutha Gayathri) |
Latest revision as of 04:06, 18 December 2017
March 15 (Reuters) - Gem Diamonds Ltd reported on Wednesday a 47 percent fall in its full-year pretax profit, hurt by an impairment charge after it mothballed the Ghaghoo mine in Botswana due to a fall in diamond prices.
The company recorded an impairment provision of $176.5 million after its move last month to place the Ghaghoo mine under care and maintenance with immediate effect.
gem riverside quận 2 Diamonds, which mines diamonds from the Letseng mine in Lesotho and the Ghaghoo mine in Botswana, said its full-year pretax profit fell to $52.4 million from $99 million, a year earlier. If you liked this article and you also would like to be given more info relating to du an GemRiverside kindly visit our own web-page. (Reporting by Justin George Varghese in Bengaluru; Editing by Amrutha Gayathri)
