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Kingold Jewelry posts 4Q profit

WUHAN, China (AP) _ Kingold Jewelry Inc. (KGJI) on Wednesday reported fourth-quarter earnings of $42 million.

The Wuhan, China-based company said it had profit of 63 cents per share.

The gold jewelry designer and seller posted revenue of $357.6 million in the period.

For the year, the company reported profit of $92.5 million, or $1.40 per share. Revenue was reported as $1.42 billion.

In the final minutes of trading on Wednesday, the company's shares hit $1.26. A year ago, they were trading at $1.21.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KGJI at https://www.zacks.com/ap/KGJI


Keywords: Kingold Jewelry, Earnings Report