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Zhongjin Gold's profit down 40% in Q3

Oct. 30, 2012 (China Knowledge) - Zhongjin Gold<600489>, China's largest publicly-traded gold miner by market share, has said its net profit decrease 40.36% YoY to RMB 353 million in the third quarter of this year.

According to a statement filed with Shanghai Stock Exchange, basic earnings per share for the period were RMB 0.12, down 42.86% from a year earlier.

The company said the huge decrease in net profit was mainly due to lower price in gold products and decline of production.

In the first nine month of this year, Zhongjin Gold saw its operation revenue amount to RMB 27.04 billion, up 22.46% YoY, while its net profit for the period dropped 18.36% YoY to RMB 1.18 billion.

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