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Noah posts 4Q profit

SHANGHAI (AP) _ Noah Holdings Ltd. (NOAH) on Monday reported fourth-quarter net income of $15.5 million.

On a per-share basis, the Shanghai-based company said it had net income of 27 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 33 cents per share.

The wealth management firm posted revenue of $93.1 million in the period.

For the year, the company reported profit of $92.7 million, or $1.59 per share. Revenue was reported as $362 million.

Noah shares have climbed 18 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $25.81, a rise of roughly 9 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 NOAH at https://www.zacks.com/ap/NOAH

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