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04 December, 2023 15:26 IST
Nam Tai Property swings to first-quarter profit on a YOY basis
Source: IRIS | 14 Jun, 2017, 10.44AM

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Nam Tai Property Inc. (NTP) swung to a net profit for the quarter ended Mar. 31, 2017. The company has made a net profit of $1.81 million, or $ 0.05 a share in the quarter, against a net loss of $0.34 million, or $0.01 a share in the last year period.     

Revenue during the quarter dropped 9.17 percent to $0.59 million from $0.65 million in the previous year period.

Operating loss for the quarter was $1.39 million, compared with an operating loss of $2.02 million in the previous year period.

 Operating cash flow improves significantly
Nam Tai Property Inc. has generated cash of $1.92 million from operating activities during the quarter, up 357.01 percent or $1.50 million, when compared with the last year period.

The company has spent $21.59 million cash to meet investing activities during the quarter as against cash outgo of $10.25 million in the last year period.

The company has spent $2.15 million cash to carry out financing activities during the quarter as against cash outgo of $0.73 million in the last year period.

Cash and cash equivalents stood at $73.18 million as on Mar. 31, 2017, down 50.15 percent or $73.61 million from $146.80 million on Mar. 31, 2016.

 

Accounts payable stood at $0.71 million as on Mar. 31, 2017.

Investments stood at $109.52 million as on Mar. 31, 2017.

Total assets stood at $249.56million as on Mar. 31, 2017. On the other hand, total liabilities were at $10.07 million as on Mar. 31, 2017.

Return on assets was at 0.73 percent in the quarter. At the same time, return on equity was at 0.76 percent in the quarter.

Shareholders equity was at $239.49 million as on Mar. 31, 2017.

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