[miningmx.com] – GEMFIELDS, the UK-listed coloured gemstone mining and marketing firm, reported an interim net profit after tax of $23.2m, and said steady demand for its products would continue for the foreseeable future. Taxed net profit in the 2013 interim period was $1.4m.
“This solid performance comes at a time when the mining sector has faced various challenges,” said Ian Harebottle, CEO of Gemfields who added that a recent ruby auction produced record revenues and proved the group was having an impact on the world’s ruby market.
“With two further ruby auctions scheduled in the financial year, continued organic growth at both Kagem and Montepuez, and a clear focus on continued acquisitions and expansion, we look forward to a strong and successful second half of this financial year,’ he said.
