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Lucapa Turns H1 Profit as High-Value Goods Trump Market Malaise

Lucapa Turns H1 Profit as High-Value Goods Trump Market Malaise

The Diamond Loupe
English
14:32

Lucapa Turns H1 Profit as High-Value Goods Trump Market Malaise

Lucapa Diamond Company, which operates high-value mines in Lesotho (Mothae) and Angola (Lulo), saw its first half 2019 net profit after tax jump to US$1.1 million compared with a US$4.3m loss during the same period last year as an increase in production led to higher sales, complemented by a massive jump in the average price per carat sold. Their combined rough sales rose by 85% to US$29.4 million from US$15.9 million a year ago.

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