Orbbec Returns to Attributable Profit in H1; Shares Drop 6%

MT Newswires Live08-12

Orbbec (SHA:688322) returned to an attributable profit of 60.2 million yuan in the first half from an attributable loss of 53.4 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.

The electronics component manufacturer and distributor returned to earnings per share of 0.15 yuan from a loss per share of 0.13 yuan in the prior-year period.

Operating income surged 104% to 435.5 million yuan from 213.3 million yuan in the year-ago period.

Shares dropped 6% during morning trading on Tuesday.

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