Gem Diamonds Ltd (LSE:GEMD)
£ 0.106 0 (0%) Market Cap: 14.81 Mil Enterprise Value: 90.52 Mil PE Ratio: 20.45 PB Ratio: 0.13 GF Score: 44/100
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Half Year 2021 Gem Diamonds Ltd Earnings Call Transcript

Sep 02, 2021 / 08:30AM GMT
Release Date Price: £0.664 (+2.15%)
Clifford Thomas Elphick
Gem Diamonds Limited - Founder, CEO & Executive Director

All right. Good morning, everybody, and welcome to Gem Diamonds half year results. The presentations will be made by me, Clifford Elphick, the CEO; Brandon, Chief Operating Officer; and Michael, the CFO. I'm going to refer to the page numbers. It will be easier for you to follow. So Page 2 is the disclaimer, if you wouldn't mind scanning that at your leisure.

If you turn over to Page 3. This is a summary of 2021. And on the top left-hand side, the revenues of $104.5 million. We think that's a satisfactory performance. Diamond prices have been rising, and our goods are in high demand. So happy with that. And that flows through to the EBITDA. There's been big efforts at cost control. Obviously, a difficult time with COVID ongoing and various different levels of lockdown in Southern Africa. But nevertheless, we are pleased with that. The average dollar per carat of 1,886 million too is pleasing. We obviously want that to be trending higher, but the trend has been good in the recent past.

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