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Nam Tai posts 3Q profit

SHENZHEN, China (AP) _ Nam Tai Property Inc. (NTP) on Monday reported third-quarter net income of $2.5 million, after reporting a loss in the same period a year earlier.

The Shenzhen, China-based company said it had net income of 7 cents per share.

The land developer posted revenue of $529,000 in the period.

Nam Tai shares have increased 66 percent since the beginning of the year. The stock has climbed 51 percent in the last 12 months.


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