SHENZHEN, China (AP) _ Nam Tai Property Inc. (NTP) on Friday reported fourth-quarter net income of $28.7 million, after reporting a loss in the same period a year earlier.

The Shenzhen, China-based company said it had profit of 50 cents per share.

The land developer posted revenue of $68.6 million in the period.

For the year, the company reported net income of $16.9 million, or 39 cents per share, swinging to a profit in the period. Revenue was reported as $71.2 million.

Nam Tai shares have increased 20% since the beginning of the year. The stock has fallen 23% in the last 12 months.

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