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Lucapa posts 13% increase in interim Ebitda

23rd August 2024

By: Sabrina Jardim

Creamer Media Online Writer

     

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ASX-listed Lucapa Diamond Company has reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $1.4-million for the six months ended June 30 – a 13% year-on-year increase.

The company says the higher Ebitda was achieved despite a softer diamond market, which highlights ongoing strong demand for its diamonds.

Excluding its now sold Mothae kimberlite mine, in Lesotho, the company has incurred a net loss of $1.2-million, compared with a profit of $60 000 in the first half of 2023.

The company recovered 27 362 ct of diamonds during the six months under review, compared with the 30 927 ct recovered in the first half of 2023.

Total rough diamond sales were $35.6-million and the average price per carat $1 213/ct, compared with an average price of $1 633/ct in the first half of 2023.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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