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China XD: 4Q Earnings Snapshot

DALIAN, China (AP) _ China XD Plastics Co. (CXDC) on Monday reported fourth-quarter net income of $13 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dalian, China-based company said it had profit of 20 cents.

The maker of plastics used in automobiles posted revenue of $349.8 million in the period.

For the year, the company reported profit of $68.3 million, or $1.03 per share. Revenue was reported as $1.27 billion.

The company's shares closed at $2.30. A year ago, they were trading at $4.10.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXDC at https://www.zacks.com/ap/CXDC