Xinyuan Real Estate (XIN) Reports Q4 EPS of $0.47
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Xinyuan Real Estate (NYSE: XIN) reported Q4 EPS of $0.47. Revenue for the quarter came in at $802.4 million.
Fourth Quarter 2017 Highlights
- Contract sales increased 72.4% to US$802.4 million from US$465.3 million in the fourth quarter of 2016 and increased 32.7% from US$604.5 million in the third quarter of 2017.
- Total revenue increased 44.3% to US$729.0 million from US$505.3 million in the fourth quarter of 2016 and increased 51.1% from US$482.4 million in the third quarter of 2017.
- Gross profit increased 40.3% to US$177.9 million, or 24.4% of total revenue, from US$126.8 million, or 25.1% of total revenue, in the fourth quarter of 2016 and increased 63.5% from US$108.8 million, or 22.6% of total revenue, in the third quarter of 2017.
- Selling, General and Administrative ("SG&A") expenses as a percentage of total revenue increased to 10.6% from 10.4% in the fourth quarter of 2016 and is the same with 10.6% in the third quarter of 2017.
- Net income increased 110.2% to US$35.1 million compared from US$16.7 million in the fourth quarter of 2016, and increased 112.7% from US$16.5 million in the third quarter of 2017.
- Diluted net earnings per American Depositary Share ("ADS") attributable to shareholders were US$0.47 compared to US$0.18 in the fourth quarter of 2016 and US$0.22 in the third quarter of 2017.
For earnings history and earnings-related data on Xinyuan Real Estate (XIN) click here.
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