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Kunlun Tech Turns to Attributable Profit in H1; Shares Rise 6%

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Kunlun Tech (SHE:300418) turned to an attributable profit of 1.09 billion yuan in the first half from a loss of 855.5 million yuan in the year-ago period, according to a Thursday filing with the Shenzhen Stock Exchange.

The internet company logged earnings per share of 0.84 yuan compared with a loss per share of 0.69 yuan in the prior-year period.

Operating revenue grew 44% year over year to 5.36 billion yuan from 3.73 billion yuan.

Shares in the internet company jumped 6% during late afternoon trading on Thursday.

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