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Positive H1 revenue for revenue, Gemfields CEO predicts ‘a year of two halves’

The first six months of the financial year have seen steady demand for emeralds and rubies, with Aim-listed precious gems producer Gemfields reporting $94-million in revenue and earnings before interest, taxes, depreciation and amortisation of $35.6-million, in the six months ending 31 December 2015. Gemfields CEO Ian Harebottle predicted in the company’s interim results, published on Monday, that the 2016 financial year would be “a year of two halves” compared with the “considerable first-half bias” of 2015.