GUANGZHOU, China (AP) _ Fanhua Inc. (FANH) on Tuesday reported profit of $14.3 million in its second quarter.
The Guangzhou, China-based company said it had net income of 26 cents per share. Earnings, adjusted for stock option expense, came to 37 cents per share.
The insurance company posted revenue of $130.9 million in the period.
Fanhua shares have increased 30% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.50, a climb of 12% in the last 12 months.