February 24, 2011 / 12:28 PM / 6 years ago

UPDATE 1-Centerra profit up on strong gold price

(Figures in U.S. dollars)

TORONTO, Feb 24 (Reuters) - Centerra Gold's (CG.TO) fourth-quarter profit rose nearly 10 percent, as a higher gold price overshadowed the impact of lower output and higher costs.

Net income in the quarter ended Dec. 31 rose to $153.1 million, or 65 cents a share, up from a year-ago profit of $140 million, or 60 cents a share.

Gold production in the quarter fell to 249,866 ounces, from 296,048 ounces, mainly due to lower output from its Boroo mine in Mongolia and its Kumtor mine in the Kyrgyz Republic. (Reporting by Euan Rocha; Editing by Derek Caney)

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