11:56 AM EST - Eldorado Gold Corp. : said Thursday that its first-quarter profit quadrupled over last year, driven by significantly higher sales volumes from its Kisladag mine as well as the contribution of its two new mines in China. The Canada-based gold producer reported net income for the first quarter of $52.8 million U.S. or $0.10 U.S. per share, compared to $13.1 million U.S. or $0.04 U.S. per share for the year-ago quarter. Revenue for the first quarter jumped 248% to $182.15 million U.S. from $52.40 million U.S. in the same quarter last year. Eldorado Gold Corp.
shares T.ELD are trading down $0.54 at $16.31.
