Kingold Jewelry (KGJI) Reports Q1 EPS of $0.20

Kingold Jewelry (NASDAQ: KGJI) reported Q1 EPS of $0.20.

2018 First Quarter Financial Highlights (all results compared to prior year period)

• Net sales were $539.5 million, an increase of 85% from $292.3 million.
• Processed a total of 23.3 metric tons of 24-karat gold products, increased by 45.6% from 16 metric tons.
• Net income was $13.2 million, or $0.20 per diluted share, increased by 162% from a net loss $21.3 million, or $(0.32) per diluted share.

Outlook for 2018

• The Company reiterates its guidance of processing between 100 metric tons and 110 metric tons of 24-karat gold products in 2018.

For earnings history and earnings-related data on Kingold Jewelry (KGJI) click here.

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