Full Year 2019 Gem Diamonds Ltd Earnings Call Transcript
Good day, ladies and gentlemen, and welcome to the Gem Diamonds annual results presentation. (Operator Instructions) Please note that this call is being recorded.
I would now like to turn the conference over to Clifford Elphick. Please go ahead, sir.
Thank you very much, and welcome, everybody, to our 2019 full year results. I'm going to be running through the presentation, which is available on our website for those of you who would like to follow.
If you turn over to Page 2 of the presentation, the disclaimer page, lots of disclaimers there, but if you could read that in your own time.
Page 3, and the numbers are numbered on the bottom left-hand side, here are the highlights of the year. Revenue $182 million, leading to an EBITDA of $41 million. EPS $5.1. And on the right-hand side, all-time historic low for the company of the all injury frequency rate. Carats recovered of slightly over 113,000, nearly 114,000 carats. And the average dollar per carat
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