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Kingold Jewelry (KGJI) Reports Q2 EPS of $0.30

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Kingold Jewelry Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2016

August 12, 2016 4:05 PM EDT

WUHAN CITY, China, Aug. 12, 2016 /PRNewswire/ -- Kingold Jewelry, Inc. ("Kingold" or "the Company") (NASDAQ: KGJI), one of China's leading manufacturers and designers of high quality 24-karat gold jewelry, ornaments and investment-oriented products, today announced its financial results for the second quarter and six months ended June 30, 2016.  

2016 Second Quarter Financial Highlights (all results are compared to prior year comparative period)

Net sales were $390.3 million, an increase of 56.5% from $249.4 million Processed 20.3 metric tons of 24-karat gold products during the period, an increase of... More