Laopu Gold Reports Slower Growth as Falling Bullion Prices Dampen Chinese Jewelry Demand

Laopu Co. missed analyst estimates for first-half revenue and profit as declining gold prices reduced consumer appetite for luxury jewelry products in China.

25 Aug, 08:36 — 25 Aug, 08:36

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bloombergHigh13h ago

Laopu Gold Growth Slows as Bullion Slide Hits Luxury Demand

Laopu Gold Co. reported a slower revenue and profit growth for the first half, missing analyst estimates as falling bullion prices dented Chinese consumers’ appetite for its jewelry.

By Bloomberg News

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Laopu Gold Reports Slower Growth as Falling Bullion Prices Dampen Chinese Jewelry Demand

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Laopu Gold Growth Slows as Bullion Slide Hits Luxury Demand

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