|Delayed - 06/22 03:34:35 am|
GEM DIAMONDS : HALF YEAR 2020 RESULTS
|09/04/2020 | 11:12am|
Positive cash generation reduced the Group's net debt position by
Cash on hand of
The Group has unutilised facilities of
Underlying EBITDA of
Loss from discontinued operations
The Business Transformation programme has delivered
In response to the global pandemic, the Group has implemented a COVID-19 Detection and Management Protocol which includes policies and procedures, guided by medical experts, various host country regulations and
The Group has implemented a wide range of precautions to protect its workforce and prevent the spread of COVID-19. These measures include thermal screening, X-ray screening, polymerase chain reaction (PCR) screening, COVID-19 serology tests (rapid tests), promotion of sanitation measures, appropriate social distancing, compulsory wearing of face masks, training and counselling and the provision of personal protective equipment (PPE).
Commenting on the results today,
LetSeng delivered satisfactory operational results notwithstanding the imposed shutdown of 30 days during the Period to curb the spread of COVID-19. The frequency of large diamonds recovered improved in all size categories greater than 10.8 carats when compared to the previous period.
Despite the challenging global conditions, the sales results during the Period demonstrated the continued demand for LetSeng's high quality diamonds, achieving an average price of
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