Gemfields hereby announces the Company’s financial results for the six months ending 30 June 2020 (“2020 Interim Results”). The content of this short-form announcement is the responsibility of the board of directors of the Company. Shareholders are advised that this short-form announcement represents a summary of the information contained in the full announcement and does not contain full or complete details of the financial results.
In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, Gemfields is reasonably certain that its net loss after tax will be USD 56.7 million for the six months ending 30 June 2020 compared to a net profit after tax of USD 12.4 million for the six months ending 30 June 2019. In ZAR terms, the net loss after tax is expected to be ZAR 959 million (ZAR 177 million net profit after tax for the comparative period).