SHENZHEN, China (AP) _ Nam Tai Property Inc. (NTP) on Thursday reported first-quarter net income of $25.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Shenzhen, China-based company said it had profit of 65 cents.
The land developer posted revenue of $69 million in the period.
Nam Tai shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.
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