Chinese contract manufacturer Nam Tai Electronics (NTE -12.9%) falls hard after reporting Q4...

|About: Nam Tai Property Inc. (NTP)|By:, SA News Editor

Chinese contract manufacturer Nam Tai Electronics (NTE -12.9%) falls hard after reporting Q4 revenue of $145.3M (-12.7% Y/Y) and EPS of -$0.13 ($0.12 profit in year-ago period). Nam Tai's bottom line has been hit by rising labor costs, and it sees labor costs/employee rising another 23% in 2012. The company also warns of continued price pressure in its LCD module assembly business.