Kingold Jewelry (KGJI) Reports Q1 EPS of $0.23

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Go back to Kingold Jewelry (KGJI) Reports Q1 EPS of $0.23

Kingold Jewelry Reports Financial Results for the First Quarter Ended March 31, 2016

May 16, 2016 4:30 PM EDT

WUHAN CITY, China, May 16, 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 the first quarter ended March 31, 2016, highlighted by considerable increases in net sales and net income.

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

Net sales were $282.2 million, an increase of 37% from $206.2 million Processed 14.8 metric tons of 24-karat gold products during... More