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Dippenaar and profit leave Petra

Petra Diamonds (LSE:PDL) can count two losses after the release of its financial year 2018 numbers: the US$203 million attributable to shareholders as well as CEO Johan Dippenaar, who has announced his retirement from the job.

Dippenaar and profit leave Petra Dippenaar and profit leave Petra Dippenaar and profit leave Petra Dippenaar and profit leave Petra Dippenaar and profit leave Petra

Pot of diamonds at the end of the rainbow: Petra says its debt situation is improving

Impairments at Koffiefontein and the KEM JV added up to a $170 million hit to the bottom line in the 12 months to June 30, with the miner's adjusted EBITDA rising 37% year-on-year to $195.