Source: China – South China Morning PostRobust growth at home and abroad nearly tripled Laopu Gold’s earnings in the first half of the year, with managers predicting even stronger momentum in the second half.
Net profit soared 290.6 per cent from a year earlier to 2.35 billion yuan (US$327 million) in the six months ended June 30, the Beijing-based company said in a statement on Wednesday. Revenue surged 251 per cent to 12.4 billion yuan.
The Hong Kong-listed jeweller attributed its rapid growth to its premium positioning, noting that…Read More