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Zhongjin Gold sees profit doubled in 2008

By Zheng Lifei (chinadaily.com.cn)
Updated: 2009-01-22 14:17

Zhongjin Gold Co, China's second largest gold miner, predicted a 100 percent surge in net profit for 2008, driven by strong gold prices and increased output.

The gold producer posted a net profit of 256 million yuan ($37.43 million) for 2007, or 0.92 yuan a share.

Zhongjin said its gold production increased dramatically in 2008 after it completed a private share placement in February,2008，when its controlling shareholder China National Gold Group Corporation injected 9 mines into the Shanghai-listed company.