Xinyuan Real Estate (XIN) Posts Q1 Profit of 6c/ADS
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Xinyuan Real Estate Co., Ltd. Announces First Quarter 2015 Financial Results
May 15, 2015 6:00 AM EDTBEIJING, May 15, 2015 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), a residential real estate developer with a primary focus on high growth cities in China, today announced its unaudited financial results for the first quarter 2015.
Highlights for the First Quarter 2015
Total first quarter revenues were US$166.7 million, a 54.1% decrease from US$362.9 million recorded in the fourth quarter of 2014 and a 26.4% decrease from US$226.4 million recorded in the first quarter of 2014. Contract sales totaled US$184.9 million, a 54.1% decrease from US$402.6... More