ASX-listed Lucapa Diamond Company has announced an earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $1.4 million for the six months ending June 30, reflecting a 13% year-on-year increase.
The company attributes this higher EBITDA to robust demand for its diamonds, despite a softer market.
Excluding the now-sold Mothae kimberlite mine in Lesotho, Lucapa reported a net loss of $1.2 million, compared to a profit of $60,000 in the first half of 2023.
During the reviewed period, Lucapa recovered 27,362 carats of diamonds, a decrease from the 30,927 carats recovered in the first half of 2023.
Total rough diamond sales reached $35.6 million, with an average price per carat of $1,213, down from $1,633 per carat in the same period last year.
