ZT：山东黄金中报利润增加63%

金甲

Shandong Gold Second-Quarter Profit Rises 63% on Prices, Output
By Li Xiaowei

Aug. 18 (Bloomberg) -- Shandong Gold Mining Co., China's second-largest publicly traded producer of the precious metal, had a 63 percent increase in second-quarter profit on higher prices and output.
Net income rose to 49 million yuan ($6.45 million), from last year's 30 million yuan, according to Bloomberg's calculations based on six-month earnings reported today. Shandong's spokesman wasn't immediately available to confirm the derived figures. Sales for the quarter rose to 1.08 billion yuan from 684.6 million yuan.
Spot gold averaged 11 percent higher in the first half of this year, compared with 2006, as a weaker dollar and higher oil prices spurred investors to seek an alternative investment and to hedge inflation. The metal has also been favored by hedge and pension funds amid an increase in commodity-linked investments.
``We expect Shandong's earnings potential to remain strong throughout the year on strength in gold prices,'' Sun Cheng, who manages the equivalent of $400 million with Pacific Asset Management Co. in Shanghai, said before the announcement.
First-half net income advanced to 92.7 million yuan, or 0.58 yuan a share, from last year's 55.4 million yuan, or 0.35 yuan, the company said in a statement to the Shanghai Stock Exchange. Sales at the Shandong province-based company increased to 2.98 billion yuan from 1.53 billion yuan.
Shandong Gold shares fell 5.8 percent to 93.24 yuan in Shanghai yesterday. The stock has almost tripled this year, outpacing a 127 percent gain in the benchmark CSI 300 Index.
To contact the reporter on this story: Li Xiaowei in Shanghai at


山东黄金中报每股收益 0.58，比上年增加63%

[ 本帖最后由 金甲 于 2007-8-18 10:59 编辑 ]

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