Laopu Gold Sales, Profit Growth Beat on Robust China Demand

Laopu Gold Co.’s revenue and profit growth topped estimates in the first half as the Chinese jeweller’s pieces, which blend traditional craftsmanship with rich cultural motifs, soar in popularity among middle class shoppers.

Revenue increased 251 percent to 12.35 billion yuan ($1.72 billion) in the first six months of the year, according to a company earnings statement on Wednesday. Net income rose 286 percent to 2.27 billion yuan in the period. Same-store revenue growth was just over…