SHANGHAI (AP) _ Noah Holdings Ltd. (NOAH) on Tuesday reported fourth-quarter net income of $14.8 million.
The Shanghai-based company said it had net income of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 27 cents per share.
The wealth management firm posted revenue of $57.2 million in the period.
For the year, the company reported profit of $119.1 million, or $1.93 per share. Revenue was reported as $253.1 million.
Noah shares have decreased 36% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $22.69, a drop of 50% in the last 12 months.