Xinyuan Real Estate (XIN) Reports Q1 EPS of $0.11 on Revenues of $280.7M

Xinyuan Real Estate (NYSE: XIN) reported Q1 EPS of $0.11. Revenue for the quarter came in at $280.7 million.

First Quarter 2017 Highlights

• Total first quarter revenue increased 19.2% to US$280.7 million from US$235.4 million in the first quarter of 2016.
• Contract sales increased 9.2% to US$305.4 million from US$279.6 million in the first quarter of 2016.
• Selling, General and Administrative ("SG&A") expenses as a percent of total revenue decreased to 12.6% from 13.4% in the first quarter of 2016.
• Net income was US$7.4 million, compared to US$6.9 million in the first quarter of 2016.
• Diluted net earnings per American Depositary Share ("ADS") attributable to shareholders were US$0.11, compared to US$0.09 in the first quarter of 2016.
• The Company repurchased 1,367,400 ADSs at a total cost of approximately US$7.2 million in the first quarter of 2017.

For earnings history and earnings-related data on Xinyuan Real Estate (XIN) click here.

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