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SHENZHEN, China, Jan. 29, 2021 /PRNewswire/ Nam Tai Property Inc. ( Nam Tai or the Company ) (NYSE Symbol: NTP) today announced its unaudited financial results for the quarter ended December 31, 2020.
KEY HIGHLIGHTS
In the quarter ended December 31, 2020:
Revenue was $68.6 million in the fourth quarter of 2020, an increase of $67.8 million or 8,076.0% year-on-year.
Net income from operations was $34.9 million, increased from net loss from operations of $4.6 million year-on-year.
Consolidated net income was $28.7 million in the fourth quarter of 2020, an increase of $30.4 million year-on-year.
Real estate properties under development was $312.1 million as of December 31, 2020, an increase of $60.5 million or 24.0% year-on-year.