Trans Hex, which owns operations in diamond mining in South Africa and Angola, reported a net profit of 32.5 million rand ($ 2.4 million) for the six months to September 30, 2016 compared with a loss of 32.5 million rand in the same period a year earlier.
The company said that sales revenue from its South African business increased by 2.5% - to 268.7 million rand ($ 19.9 million) to 275.3 million rand ($ 20.4 million).
The average price of diamonds rose by 10.4% due to the increase in world prices and demand.
In addition, a positive impact on the sales volume had a depreciation of the rand against the US dollar by 15.4%. However, in terms of carats, the company sold 19.6% fewer diamonds.
Trans Hex Mining in South Africa fell by 20.6% to 18,997 carats against 23,940 carats a year earlier. It is, however, consistent with the new operating model of the company, which included the inclusion of plants in the lower reaches of the Orange River (Lower Orange River) in February 2016 to increase them to the maximum possible term of life cycle.
The Trans Hex also noted that the 2017 financial year, production will be about 80 000 carats against 24,930 carats a year earlier.
In Angola, production at the mine Somiluana (Somiluana), in which Trans Hex holds a 33% stake, increased to 91,033 carats against 67,981 carats last year.
The company's sales in Angola amounted to $ 32.5 million at an average price of $ 477 per carat compared with $ 20.2 million at an average price of $ 300 per carat in 2015.
Also said earlier that the Competition Commission of South Africa unreservedly endorsed the proposal for the purchase of all shares of common stock of the company made by the TransHex Cream Magenta and Metcap, except for that portion which is already owned by these buyers.
The consortium offered Faced with the difficulties of the diamond company JUNIOR 3.94 rand a share, or 117 million rand (about $ 8 million) for all shares.
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