February 18, 2011 / 12:59 PM / in 7 years

UPDATE 1-Eldorado quarterly profit lifted by gold price

(Figures in U.S. dollars)

TORONTO, Feb 18 (Reuters) - Eldorado Gold (ELD.TO) said on Friday its fourth-quarter profit rose, driven by a higher gold price and increased production.

Net income in the quarter ended Dec. 31 rose to $43.6 million, or 8 cents a share, up from a year-ago profit of $33.3 million, or 8 cents a share. The per share earnings were flat due to an increased number of shares outstanding in the most recent quarter. (Reporting by Euan Rocha, editing by Dave Zimmerman)

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