Laopu Gold Sales, Profit Beat as Gold Rally Fuels Demand

Laopu Gold Co.’s full-year revenue and profit surged as its jewelry pieces and gold ornaments gained huge popularity from the country’s middle class shoppers, aided by soaring gold prices.

By Charlie Zhu, Lulu Shen · Bloomberg Markets

Laopu Gold Co.’s full-year revenue and profit surged as its jewelry pieces and gold ornaments gained huge popularity from the country’s middle class shoppers, aided by soaring gold prices.