FONT-SIZE Plus   Neg

Eldorado Gold 2011 Profit Surges - Quick Facts

Eldorado Gold Corp. (EGO, ELD.TO) Friday posted a 2011 profit of $318.7 million, or $0.58 per share, compared to last year's $221.0 million, or $0.40 per share. The company noted that income tax expense went up 90 percent, in part due to withholding profit paid on dividends from its China and Turkey-based subsidiaries.

Revenues for the year jumped to $1.10 billion from the year-ago $791.2 million, with gold revenues rising 33 percent to $259.2 million. Gold price increased 29 percent, and sales volume edged up 3 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
Trade EGO now with 
Follow RTT