Afari Technology H1 Profit Surges 151%, Revenue Rises 22%

MT Newswires Live

08/25

Chongqing Afari Technology (SHA:601777) posted first-half attributable net profit of 78.3 million yuan, up 151% from 31.2 million yuan the previous year.

Earnings per share rose to 0.0173 yuan from 0.0069 yuan, according to a Tuesday filing with the Shanghai bourse.

Operating revenue rose 22% year over year to 5.12 billion yuan from 4.18 billion yuan.

Shares of the vehicle manufacturer were up 2% Tuesday.

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