RE:RE:RE:RE:RE:results Translated from Avanza .
Lucara DIAMOND
Strong finish to 2015 - Swedbank (Direct)
2016-02-24 09:32
STOCKHOLM (AFX) Mining company Lucara Diamond had a strong finish to 2015 with higher volume sold and better prices for rough diamonds than expected.
It writes Swedbank since the company reported a profit for the fourth quarter which led to their sales forecast for the full year was exceeded.
"The strong performance in the 2015 final sales Reaffirms Karowegruvans quality," the bank's analysts.
For the full year 2015, sales amounted to $ 224 million, which thus means that the company surpassed its latest updated guidance for full-year sales of 200-220 million.
Ahead of last year's final sale of rough diamonds, the company's revenue to $ 189 million, and analysts from both Swedbank and Pareto had expected revenue of about $ 25 million at that. The report shows that sales raised approximately $ 35 million.
The average price per carat was in the fourth quarter to $ 675, well above the expected $ 611 Swedbank. Total sold just over 94,000 carats of rough diamonds, which also surpassed Swedbank's estimate of 89,600 carats.