Petra Diamonds has reported 20% rise in revenue to US$471.8m for the year ended June 30, 2014 and a 75% rise in net profit to US$93.7 million for the same period while releasing its preliminary, unaudited results. The company also reported a recovery of 3,110,823 carats during the year, a 17% rise in production.

Company CEO Johan Dippenaar said that the Group remains on track to reach annual production of 5 million carats by FY 2019. “Our expectations (are) for further increases in production, rising margins, supportive rough diamond prices, and the continued contribution of exceptional diamonds. We look forward to entering a period of significant cash generation and the commencement of dividend payments to our shareholders in due course.”