China Housing & Land Dev. (CHLN) Reports Narrower Q1 Loss of $0.07/Share

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China Housing & Land Development Inc. Announces First Quarter 2015 Financial Results

May 14, 2015 4:01 PM EDT

XI'AN, China, May 14, 2015 /PRNewswire/ -- China Housing & Land Development, Inc. ("China Housing" or the "Company"; NASDAQ: CHLN) today announced its financial results for the quarter ended March 31, 2015.

Highlights for Q1 2015:

Total revenue in the first quarter of 2015 was $23.8 million compared to $44.9 million in the fourth quarter of 2014 and $22.0 million in the first quarter of 2014. Total gross floor area ("GFA") sales were 26,771 sq. meters during the first quarter of 2015, compared with 30,888 sq. meters in the fourth... More