Shandong Gold sees 6.93% drop in Q1 profit
Author:Network sources Source:Network sources Date:2013-04-26

Shandong Gold Mining Co, the third-largest bullion producer in China, announced yesterday that its net profit fell 6.93% YoY to RMB 574 million in the first quarter of this year.

The gold producer attributed the profit decline to lower investment income, which decreased by RMB 53.20 million in the period.

The firm's operating revenue climbed 3.46% YoY to RMB 13.35 billion in the first three quarter.

The company reported earlier that that its net profit rose 14.12% YoY to RMB 2.17 billion in 2012. Operating revenue jumped 27.44% YoY to RMB 50.23 billion last year.  

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