Xinyuan Real Estate (XIN) Reports Q3 EPS of $0.22 on Revenues of $482.4M

Xinyuan Real Estate (NYSE: XIN) reported Q3 EPS of $0.22. Revenue for the quarter came in at $482.4 million.

Third Quarter 2017 Highlights

• Contract sales increased 15.1% to US$604.5 million from US$525.4 million in the third quarter of 2016, and also increased 28.4% to US$1.6 billion for the first nine months of 2017 compared to US$1.3 billion in the same period of 2016.
• Total revenue increased 8.6% to US$482.4 million from US$444.3 million in the third quarter of 2016, and also increased 18.5% to US$1.3 billion for the first nine months of 2017 compared to US$1.1 billion in the same period of 2016.
• Gross profit increased 3.6% to US$108.8 million, or 22.6% of total revenue, from US$105.0 million, or 23.6% of total revenue, in the third quarter of 2016 and increased 0.8% from US$107.9 million, or 22.1% of total revenue, in the second quarter of 2017.
• Selling, General and Administrative (\"SG&A\") expenses as a percentage of total revenue decreased to 10.6% from 12.1% in the third quarter of 2016 and increased from 9.8% in the second quarter of 2017.
• Net income was US$16.5 million compared to US$28.0 million in the third quarter of 2016 and US$20.8 million in the second quarter of 2017.
• Diluted net earnings per American Depositary Share (\"ADS\") attributable to shareholders were US$0.22 compared to US$0.41 in the third quarter of 2016 and US$0.14 in the second quarter of 2017.
• The Company repurchased through its share repurchase program 421,292 ADSs at a total cost of approximately US$2.2 million in the third quarter of 2017.

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

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