Petra Diamonds Ltd. (PDL.L) Tuesday posted a first-half loss of $26.7 million, or a loss of 5.23 cents per share, compared to last year's profit of $24.5 million, or 6.48 cents per share. Adjusted earnings were $11.8 million, or 2.46 cents per share, this year and $3.6 million, or 0.86 cents per share, a year ago.
Revenue for the six-months climbed 13 percent to $101.4 million from the prior-year's $90.0 million. Production surged 64 percent to 953.6 carats from 582.1 carats in 2010. The company noted that rough diamond prices weakened from July 2011, dampening the revenue growth.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.