Mining News

Petra reduces debt further, posts 87% growth in interim Ebitda

The first half of the 2022 financial year has set London-listed Petra Diamonds in good stead to maintain profitability and cash flow, as well as meet operational guidance for the full-year.

In the six months ended December 31, 2021, Petra grew its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) by 87% to $150-million, compared with adjusted Ebitda of $80-million posted in the first half of the 2021 financial year.

Share this article