Sales results for Tender 7 FY 2024
04 July 2024 LSE: PDL Petra Diamonds Limited (Petra or the Company) Sales results for Tender 7 FY 2024 Richard Duffy, Chief Executive Officer of Petra, commented: “Our seventh tender cycle yielded US$38 million, bringing revenue for FY 2024 to US$366 million, which is 13% higher than FY 2023. Like-for-like[1] prices in this tender cycle were down 3.8% compared to Tender 6 as a result of the continued softness in demand for coarser goods, specifically stones between 1 and 10 carats in size, exacerbated by seasonal weakness. We