Laopu Gold Sees Earnings Growth Slowing as Bullion Retreats
Laopu Gold Co., a Chinese luxury jeweler, is experiencing a slowdown in earnings growth due to weakened product demand as bullion prices have declined. The company anticipates lower first-half revenue as consumers become less active in the gold jewelry market amid the price retreat.
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Laopu Gold Sees Earnings Growth Slowing as Bullion Retreats
Laopu Gold Co., a Chinese luxury jeweler, is experiencing a slowdown in earnings growth due to weakened product demand as bullion prices have declined. The company anticipates lower first-half revenue as consumers become less active in the gold jewelry market amid the price retreat.
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