Kingold Jewelry (KGJI) Reports Q4 EPS of $0.14 on Revenues of $631.2M

Go back to Kingold Jewelry (KGJI) Reports Q4 EPS of $0.14 on Revenues of $631.2M

Kingold Jewelry Reports Financial Results for The Fourth Quarter and Year Ended December 31, 2018

April 2, 2019 4:05 PM EDT

WUHAN CITY, China, April 2, 2019 /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 fourth quarter and year ended December 31, 2018.

2018 Financial and Operating Highlights (all results are compared to prior year)

Net sales were approximately $2.48 billion, increased by 41% from approximately $2.01 billion. Processed a total of 114.2 metric tons [one metric ton = 35,274 ounces] of 24-karat gold products in 2018, an... More