trending Market Intelligence /marketintelligence/en/news-insights/trending/cpXLH-4Z5iP1yoYeH4-mow2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Kingold Jewelry Q1 profit falls YOY


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Kingold Jewelry Q1 profit falls YOY

Kingold Jewelry Inc. said its first-quarter normalized net income amounted to 8 cents per share, a decrease of 63.9% from 22 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.4 million, a decrease of 64.3% from $15.0 million in the year-earlier period.

The normalized profit margin declined to 2.6% from 4.9% in the year-earlier period.

Total revenue decreased 32.9% on an annual basis to $206.2 million from $307.5 million, and total operating expenses declined 30.2% year over year to $197.3 million from $282.8 million.

Reported net income declined 61.9% year over year to $6.6 million, or 10 cents per share, from $17.3 million, or 26 cents per share.