/PRNewswire/ Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced its unaudited financial results for the quarter ended.
NAM TAI PROPERTY INC Announces Q2 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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SHENZHEN, China, April 29, 2021 /PRNewswire/ Nam Tai Property Inc. ( Nam Tai or the Company ) (NYSE Symbol: NTP) today announced its unaudited results for the first quarter ended March 31, 2021.
KEY HIGHLIGHTS
In the quarter ended March 31, 2021:
Revenue was $69.0 million in the first quarter of 2021, an increase of $68.3 million year-on-year.
Net income from operations was $36.2 million, increased from net loss from operations of $3.7 million in the first quarter of 2020.
Consolidated net income was $25.6 million in the first quarter of 2021, increased from consolidated net loss from operations of $3.2 million in the first quarter of 2020.
Real estate properties under development, net was $327.4 million as of March 31, 2021, an increase of $15.2 million from the end of 2020.
Independent valuations affirm the underlying value of Nam Tai s real estate assets
SHENZHEN, China, April 7, 2021 /PRNewswire/ Nam Tai Property Inc. ( Nam Tai or the Company ) (NYSE Symbol: NTP) today released an investor presentation highlighting the fundamental value of its assets and a clear path for future growth.
The Company also announced the completion of third-party valuations of its properties by Savills Real Estate Valuation (Guangzhou) Limited ( Savills ) and Jones Lang LaSalle ( JLL ), resulting in an asset value of approximately RMB 5.7 billion ($880 million), which equates to a net asset value of approximately $18 per share, including balance sheet adjustments. The independent valuations completed in April 2021, includes Nam Tai s six major properties: Nam Tai Inno Park, Nam Tai Technology Center, Nam Tai Inno Valley, Nam Tai Longxi, offices in Zhuoyue Baozhong Times Square, and Wuxi Facilities.
Nam Tai Property : Releases Investor Presentation and Completion of Third-Party Valuation Reports marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.