Petra Diamonds Ltd. announced earnings and production results for the six months ended December 31, 2015. For the period, the company reported revenue of $154.0 million against $214.8 million a year ago. Capex was $151.3 million against $125.2 million a year ago, the increase is mainly due to the construction of the new Cullinan plant. Net debt as on December 31, 2015 was $324.4 million against $125.2 million a year ago.

For the period, production increased 2% to 1,629,403 carats against 1,601,069 carats a year ago.

The company remains on track to reach full year production guidance of 3.3 3.4 Mcts for fiscal year 2016 and ca. 5 Mcts for fiscal year 2019.