JINHUA, China (AP) _ Kandi Technologies Group Inc. (KNDI) on Thursday reported second-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier.
The Jinhua, China-based company said it had net income of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.
The electric and all-terrain vehicle maker posted revenue of $16.4 million in the period.
The company's shares closed at $4.10. A year ago, they were trading at $4.
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