By
Les echos
Les echos
Published
Apr 13, 2009
Apr 13, 2009
De Beers expects to see turnover cut in half in 2009
By
Les echos
Les echos
Published
Apr 13, 2009
Apr 13, 2009
Fine jeweled ring by De Beers |
“Given that we anticipated the current situation from a very early stage we are well placed to survive in 2009 and 2010 without needing to recapitalise”, Stuart Brown, financial director of the group was quoted as saying.
“In 2009, we’re always thinking about realising a profit, even if turnover falls by 50%”, he added.
De Beers is owned by three parties: 45% by the British group Anglo American, 40% by the Oppenheimer family and 15% by the government of Botswana.
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