Vlov, Inc. (VLOV.OB), Friday, reported a lower profit for the fourth quarter.
The China-based company reported a fourth-quarter net profit of $4.1 million or $0.53 per share, compared to $6.0 million or $0.77 per share last year.
Excluding $0.2 million of non-cash charges and $1.5 million of non-cash gains, adjusted net income for the quarter dropped to $4.3 million or $0.55 per share from $4.5 million or $0.57 per share in the prior-year quarter.
Total revenues for the quarter grew to $31.0 million from $24.7 million in the prior-year quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.