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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.

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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 NTP at https://www.zacks.com/ap/NTP