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Petropavlovsk Enjoys Higher Profits on Increased Gold Prices
Mar. 28, 2012 08:23AM PST
Precious MetalsBloomberg reported that Petropavlovsk (LSE:POG) was up on its announcement of a rise in profits due to higher gold prices.
Bloomberg reported that Petropavlovsk (LSE:POG) was up on its announcement of a rise in profits due to higher gold prices.
As quoted in the market news:
Petropavlovsk climbed as much as 8.1 percent, the biggest intraday gain since Jan. 26, after saying 2011 net income increased to $230.9 million from $19.8 million. Earnings before interest, tax, depreciation and amortization totaled $597.1 million.
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