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Nam Tai Property Releases Investor Presentation and Completion of Third-Party Valuation Reports

Nam Tai Property Releases Investor Presentation and Completion of Third-Party Valuation Reports
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Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court

Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court
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Nam Tai Property Inc Announces Fourth Quarter 2020 Results

Share this article Share this article 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.

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