China XD reports 4Q loss

DALIAN, China (AP) _ China XD Plastics Co. (CXDC) on Thursday reported a fourth-quarter loss of $20.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Dalian, China-based company said it had a loss of 31 cents. Earnings, adjusted for pretax expenses,...

DALIAN, China (AP) _ China XD Plastics Co. (CXDC) on Thursday reported a fourth-quarter loss of $20.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Dalian, China-based company said it had a loss of 31 cents. Earnings, adjusted for pretax expenses, were 90 cents per share.

The maker of plastics used in automobiles posted revenue of $427.6 million in the period.

For the year, the company reported profit of $31.6 million, or 48 cents per share. Revenue was reported as $1.29 billion.

The company's shares closed at $4.20. A year ago, they were trading at $5.

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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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