Kandi Technolgies Group Inc. Q2 Profit Rises 114%

(RTTNews) - Kandi Technolgies Group Inc. (KNDI) released earnings for its second quarter that climbed from last year.

The company said its bottom line came in at $10.5 million, or $0.22 per share. This was up from $4.9 million, or $0.10 per share, in last year's second quarter.

The company said revenue for the quarter rose 15.1% to $55.22 million. This was up from $47.96 million last year.

Kandi Technolgies Group Inc. earnings at a glance:

-Earnings (Q2): $10.5 Mln. vs. $4.9 Mln. last year. -Earnings Growth (Y-o-Y): 114.3% -EPS (Q2): $0.22 vs. $0.10 last year. -EPS Growth (Y-o-Y): 120.0% -Revenue (Q2): $55.22 Mln vs. $47.96 Mln last year. -Revenue Change (Y-o-Y): 15.1%