Revenue Update on Nam Tai Property Inc(NYSE:NTP)

Nam Tai Property Inc(NYSE:NTP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Earnings per share were $-0.07.

Nam Tai Property Inc (NTP) shares turned negative on Mondays trading session with the shares closing down -0.03 points or -0.54% at a volume of 33,763. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.56. The peak price level was also seen at $5.56 while the days lowest was $5.4601. Finally the shares closed at $5.5. The 52-week high of the shares is $6.63 while the 52-week low is $4.7. According to the latest information available, the market cap of the company is $202 M.

Nam Tai Property Inc. (Nam Tai) formerly Nam Tai Electronics Inc. is engaged in the property development and management business. The Company is focused on redeveloping two parcels of land in Gushu Shenzhen and Guangming Shenzhen in China by converting these two parcels of land into commercial complexes. Within the Company’s manufacturing facilities approximately 521212 square feet is being rented out third party for three years and approximately 562402 square feet is reserved for use by its internal administration department. It plans to develop and convert the parcel of land of approximately 0.6 million square feet that its Shenzhen office occupies. All of the Company’s operations are located in the People’s Republic of China.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *