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Fanhua posts 4Q profit

GUANGZHOU, China (AP) _ Fanhua Inc. (FANH) on Monday reported fourth-quarter profit of $10.7 million.

On a per-share basis, the Guangzhou, China-based company said it had net income of 18 cents.

The insurance company posted revenue of $221 million in the period.

For the year, the company reported profit of $22.6 million, or 37 cents per share. Revenue was reported as $677 million.

Fanhua shares have dropped slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.08, a rise of nearly 10 percent in the last 12 months.

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

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Keywords: Fanhua, Earnings Report