Petra’s trading update saw little in the way of earnings surprise for FY 2015 with a number of downgrades coming through following the trading update in April 2015. In addition, the company had flagged the increase in capex from the new Cullinan plant. This announcement saw the formalisation of this spend and the optimisation of the Cullinan mine to dovetail with the new plant. There were, however, changes to guidance across the board with Finsch seeing less change than revisions to oth
30 Jul 2015
Trading Update & Earnings Review
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trading Update & Earnings Review
Petra Diamonds Limited (PDL:LON) | 41.4 0 0.0% | Mkt Cap: 80.5m
- Published:
30 Jul 2015 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
9
Petra’s trading update saw little in the way of earnings surprise for FY 2015 with a number of downgrades coming through following the trading update in April 2015. In addition, the company had flagged the increase in capex from the new Cullinan plant. This announcement saw the formalisation of this spend and the optimisation of the Cullinan mine to dovetail with the new plant. There were, however, changes to guidance across the board with Finsch seeing less change than revisions to oth