China's Shandong Gold Mining reports net profit jump in 2009

17:31, March 18, 2010      

Email | Print | Subscribe | Comments | Forum 

Shandong Gold Mining Co. Ltd., a major gold producer in China, reported Thursday that its net profit rose 17.08 percent year on year.

In its annual business report filed to the Shanghai Stock Exchange, the Shandong-based company said its net profit reached 746 million yuan (109 million U.S. dollars) last year. The earnings per share stood at 1.05 yuan, up 16.67 percent from the previous year.

The company attributed the surge in net profit mainly to its increasing gold output, which reached 17.67 tonnes last year and rose 11.86 percent year-on-year, due to better management practices and acquisition of new goldfields.

As of 14: 38, shares of Shandong Gold Mining declined 0.74 percent, compared to the previous close, to 69.87 yuan per share despite the profit jump report.

Source: Xinhua
  • Do you have anything to say?


Special Coverage
Major headlines
Editor's Pick
  • China's 26th Antarctic expedition team arrives in Australia
  • Top 10 box office teens
  • Southeast Asia's first Universal Studio theme park opens in Singapore
  • Houston Rockets vs Memphis Grizzlies
  • Zheng Jie phased out at WTA tennis tournament
  • Nadal advances to last 8 at ATP tournament
Most Popular
Hot Forum Dicussion