JSE- and Aim-listed Gemfields delivered record group revenue and a healthy growth in operating profit in the year ended December 31, 2019; however, the fallout from Covid-19 is expected to have an adverse impact on the company’s operating and financial performance this year.
“Widespread travel and movement restrictions mean that our gemstone auctions, which provide about 93% of our revenue, have been put on hold for an unknown period of time.