China's top gold producer says profits up 57% in '11
Updated: 2012-01-13 16:17
(Xinhua)
|
|||||||||||
BEIJING - China National Gold Group Corp, the country's largest gold producer, said Friday that its profits surged 57 percent year-on-year to 5 billion yuan ($791.13 million) in 2011.
Its business revenues rose 35 percent year-on-year to 70 billion yuan last year, the company said in an annual report.
The company's total assets stood at 53.5 billion yuan as of the end of 2011, up 11.3 billion yuan from the previous year, the company said.
As of the end of 2011, the company's gold reserves reached 1,384 metric tons, while its copper, molybdenum and silver reserves stood at 9.9 million, 2.01 million and 8,790 metric tons, respectively, the report said.
Related Stories
Gold ATM activated, but not for long 2011-09-27 13:54
Rising prices cut into incomes 2011-09-27 09:50
Investors favor gold 2011-08-18 15:56
CNGGC sees heart of gold in Africa 2011-05-31 10:39
- Apple suspends iPhone 4S sales in Beijing, Shanghai
- QFII opens door to higher yields
- China's forex reserves hit $3.18t by 2011 end
- Beijing housing policy to continue
- CBRC restricts trust product sales
- RUF eyes the 'top of the pyramid' in China
- UK retailers paying in yuan
- PBOC to further interest rates marketization
