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Lucara bounces back in March quarter

TSX and Stockholm-listed Lucara Diamond has bounced back from a rocky 2020, as rising demand saw the company swing to a net profit of $3.4 million in the first quarter from a loss of US$4.8 million in Q1 2020.

Oonagh Reidy
Lucara Diamond has bounced back from a rocky 2020 posting a $3.4 million profit in Q1

Lucara Diamond has bounced back from a rocky 2020 posting a $3.4 million profit in Q1

Adjusted EBITDA recovered to $22.2 million versus $8.1 million a year ago, with revenue up 56% year-on-year and 25% quarter-on-quarter in Q1 to $53.1 million, or $579 per carat sold. Lucara also slashed...

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