Gold producer profit soars

09:16, January 10, 2011      

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China National Gold Group Corp, the country's largest gold producer, said Sunday that its operating profit in 2010 reached 3.2 billion yuan (475.84 million), more than five times the amount in 2006.

Liu Bing, deputy general manager of the company, said at a press briefing that the value of the company's total assets had reached 42.2 billion ($6.28 billion) yuan by the end of 2010, and sales revenue totaled 51.8 billion yuan ($7.71 billion) last year.

Asset value and sales revenue had respectively increased 5 fold and 5.9 fold since 2006, Liu said.

Source: Global Times
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