Gemfields full-year profit rises 2% on higher uncut ruby, emerald prices

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 24 (Reuters) - Precious stone miner Gemfields Group reported a 2% rise in full-year profit on Friday, boosted by higher prices for uncut emeralds and rubies. The company said headline earnings per share, the main profit measure in South Africa, rose to 4.8 U.S. dollar cents for the year ended Dec.31, from 4.7 U.S. dollar cents a year earlier. (Reporting by Hani Kollathodi in Bengaluru; Editing by Nivedita Bhattacharjee and Rashmi Aich)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.