Statistics

Shandong Gold Mining net profit jumps in 2009

(Xinhua)
Updated: 2010-03-18 16:31

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

Special Coverage: 2009 Annual Reports of Listed Companies Related readings:  China's gold reserve ranks fifth in the world  China cautious on gold reserves  China's gold output grows 11% in 2009  Beijingers in gold rush at year end

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) 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 tons last year and rose 11.86 percent year-on-year, due to better management practices and acquisition of new goldfields.

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