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China XD posts 4Q profit

DALIAN, China (AP) _ China XD Plastics Co. (CXDC) on Thursday reported fourth-quarter earnings of $36.7 million. On a per-share basis, the Dalian, China-based company said it had net income of 56 cents. The maker of plastics used in automobiles posted revenue of $377.7 million in the period. ...

DALIAN, China (AP) _ China XD Plastics Co. (CXDC) on Thursday reported fourth-quarter earnings of $36.7 million.

On a per-share basis, the Dalian, China-based company said it had net income of 56 cents.

The maker of plastics used in automobiles posted revenue of $377.7 million in the period.

For the year, the company reported profit of $101.6 million, or $1.54 per share. Revenue was reported as $1.2 billion.

China XD expects full-year revenue in the range of $1.2 billion to $1.3 billion.

The company's shares closed at $5. A year ago, they were trading at $3.50.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXDC at https://www.zacks.com/ap/CXDC

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Keywords: China XD Plastics, Earnings Report