(MENAFN) The largest gold producer in China, Zhongjin Gold Corp, said that its profit in the January-March period of this year dropped considerably, Xinhua reported.
The gold producer said that the profits in the period plunged 66 percent from the first quarter of 2013, reaching USD21.18 million.
The company attributed the net profit decrease to lower sales price of gold during the year's first three months.
Zhongjin Gold's total assets increased 6.55 percent from the end of 2013, hitting USD4.04 billion.
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