United Nova Returns to Profit in H1; Shares Up 11%

MT Newswires Live
Aug 11

United Nova Technology (SHA:688469) swung to a net profit attributable to shareholders of 278.3 million yuan in the first half from an attributable loss of 170.3 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.

Earnings per share were 0.03 yuan compared with a loss per share of 0.02 yuan a year earlier.

Operating revenue rose 31% to 4.56 billion yuan from 3.50 billion yuan in the previous year.

The Chinese semiconductor company's shares jumped 11% in midday trade.

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