Inlif Shares Climb on Swing to Profit, Higher Sales
Dow Jones
Sep 25
Inlif shares rose after the company swung to a profit and recorded higher revenue in the first half of the year.
The stock gained 42% to $4.20 in after-hours trading Thursday.
The Chinese manufacturer of manipulator arms said revenue rose 26% to $12.9 million.
Inif logged a profit of $1.0 million, or $10.01 a share, compared with a loss of $1.98 million, or $427.48 a share, during the same period the year before.
The growth was driven by an expansion of Inlif's customer base, rising demand for manipulator arms and sales from its newly launched intelligent equipment business.
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