Shandong Gold Mining net profit up 25.91% in 2019

(Xinhua )| Updated : 2020-04-20

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Customers select bracelets at a jewelry store in Suzhou, Jiangsu province, on Jan 31. [Photo by Wang Jiankang / For China Daily]

JINAN - Shandong Gold Mining Co Ltd, a major gold producer in China, reported a 25.91 percent growth in net profit attributable to shareholders of the listed company in 2019.

The company said Friday its net profit hit 1.29 billion yuan ($182.3 million) last year.

In 2019, its sales revenue reached 62.63 billion yuan, up 11.33 percent year-on-year. The growth resulted mainly from the rise in price and sales volume of gold.

The company, one of the largest gold producers in China, said its gold output is expected to be no less than 39.586 tons in 2020.