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.
Nam Tai Property Announces Issuance of Stay by the Eastern Caribbean Court of Appeal in the British Virgin Islands
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SHENZHEN, China, April 21, 2021 /PRNewswire/ Nam Tai Property Inc. ( Nam Tai or the Company ) (NYSE Symbol: NTP) today announced that the Eastern Caribbean Court of Appeal in the British Virgin Islands (the Court ) has granted an order ( Order ) postponing the Special Meeting previously scheduled for April 26, 2021. The Court s Order was issued in connection with the Company s appeal against the order of Justice Adrian Jack of March 3, 2021, in which he held that the private placement previously announced by the Company on October 5, 2020 was void and should be set aside. The Special Meeting will be rescheduled at a later date to be determined by the Court in due course.
Nam Tai Property Announces Issuance of Stay by the Eastern Caribbean Court of Appeal in the British Virgin Islands 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.
Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court
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SHENZHEN, China, April 7, 2021 /PRNewswire/ Nam Tai Property Inc. ( Nam Tai or the Company ) (NYSE Symbol: NTP) today announced the filing of an application to appeal the March 3, 2021 judgment issued by the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands (the Court ). The judgment held that the private placement previously announced by the Company on October 5, 2020 was void and should be set aside.
The Company appeals on the basis that the judgment discloses a number of significant errors and, in particular, a demonstrable failure to take account of important evidence.