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Intchains Group Swings to Profit in Q2, Revenue Rises -- Shares Gain
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Intchains Group Swings to Profit in Q2, Revenue Rises -- Shares Gain
Aug 16, 2024 10:26 AM

01:13 PM EDT, 08/16/2024 (MT Newswires) -- Intchains Group ( ICG ) shares were up more than 9% in recent trading Friday, a day after reporting Q2 net earnings of 0.42 renminbi ($0.06) per diluted share, swinging from a loss of 0.17 renminbi a year earlier.

Revenue for the quarter ended June 30 was 123 million renminbi, compared with 13.9 million renminbi a year earlier.

No comparable estimates were available on Capital IQ.

Price: 6.02, Change: +0.52, Percent Change: +9.44

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