Naas Technologies rise after higher Q2 revenue

NaaS Technology

08/09/2023 14:52

** U.S.-listed shares of China-based EV charging firm Naas
Technologies  NAAS.O  rise 3.4% to $6.02 
    ** Co posts 121% YoY rise in Q2 rev to RMB 48.6 mln ($6.7
mln)
    ** Says revenue increased due to growing client base of
station owners across various stages of charging station
construction and improving efficiency
    ** Reports loss of RMB 0.49 ($0.07) per American Depository
Share (ADS), compared to year-ago loss of RMB 0.53/ADS
    ** Reaffirms its FY rev forecast of RMB500 mln ($69 million)
to RMB600 mln($83 million)
    ** Global footprints expanded by acquiring Sweden-based
Charge Amps in Q2 - co
    ** NAAS up 53.2% YTD

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))