Greenland Technologies: Gains after higher quarterly profit and revenue

Greenland Technologies Holding

23/11/2020 15:21

** U.S.-listed shares  GTEC.O  of the Chinese maker of
transmission and drivetrain systems for material handling
machines and electric vehicles rise as much as 34.3% to one-week
high of $6.3
    ** Q3 revenue jumps 38.2% to $16.52 mln, while net incomes
soars 90% to $460,001, helped by higher demand for its products
and cost cuts
    ** YTD, stock has risen about 22% this year

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))