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          China's Shandong Gold sees Q1 net profit leap on price rise
          


          (Xinhua)
          
 Updated: 2010-04-05 09:58
          


          


          

          



 

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          BEIJING - Shandong Gold Group Co Ltd, one of China's leading gold producers, announced Saturday that it expected to see a more than 50 percent net profit rise in the first quarter this year. 
          

          

          

          

          


          


          


          


          


          


          Related readings:
          China's Shandong Gold sees Q1 net profit leap on price rise Gold prices set to soar as demand outpaces supplies
          China's Shandong Gold sees Q1 net profit leap on price rise China's gold demand to double within 10 years: WGC
          China's Shandong Gold sees Q1 net profit leap on price rise China's Shandong Gold Mining reports net profit jump in 2009
          The eastern Shandong-based firm attributed the net profit surge to the firm's growing production capacity, rising gold price and effective cost cutting measures, it said in a statement filed to the Shanghai Stock Exchange Saturday. 
          

          The gold producer raked in 155.3 million yuan ($22.7 million) net profit in the first three months last year. The firm will give detailed net profit figures in its first-quarter report, according to the statement. 
          

          Its A-share price gained 4.6 percent to 74.97 yuan per share Friday.
          


          



 

          

          



 



 

          

          



 

          


 

          
           



          


 

          


          


 

          


          




          


          

          





          

          





          


 

          


          


 

          


          


 

          


          


 

          


          

          

          
           
          

          










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