Lucapa Diamond recorded a loss after tax of $17.2 million for the year 2023, compared to $15.1 million in 2022, after recognising a non-cash impairment charge of $13.4 million in respect of Mothae’s Property Plant and Equipment.
It also attributed the loss to a $3.5 million unrealised foreign exchange loss on the intergroup loan due to the weakening of the South African rand against the United States dollar.
The loss after tax for the year attributable to members of the company amounted to $9.1 million, up from the previous year’s $10.3 million.
It said rough diamond revenue per carat sold for the full year at Mothae was $775, down from the $940 achieved for the first half of 2023.
Earnings before interest, taxes, depreciation, and amortisation EBITDA per carat sold was $90, compared with a loss of $35 in 2022.
The group’s equity-accounted share of Lulo's after-tax profit was $4.2 million, up from $7.7 million in 2022.
Lucapa recorded an attributable EBITDA of $8.3 million in 2023, compared with $10.8 million in 2022. Attributable rough diamond revenue increased from $1,335 in 2022 to $1,425 for the current period, and EBITDA was reduced from $304 to $245 per carat sold.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
