Xinyuan Real Estate (XIN) Reports Q4 Earnings Per ADS of $0.18
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Xinyuan Real Estate Co., Ltd. Announces Fourth Quarter 2016 Financial Results
February 14, 2017 6:00 AM ESTBEIJING, Feb. 14, 2017 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager primarily in China and in other countries, today announced its unaudited financial results for the fourth quarter ended December 31, 2016.
Fourth Quarter 2016 Highlights
Total fourth quarter revenue increased 22.2% to US$505.3 million from US$413.6 million in the fourth quarter of 2015 and increased 13.7% from US$444.3 million in the third quarter of 2016. Gross profit for the fourth quarter of 2016 increased to US$126.4 million, or 25.0%... More