Xinyuan Real Estate (XIN) Reports Q1 Loss of $0.16
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Xinyuan Real Estate Co., Ltd. Announces First Quarter 2018 Financial Results
May 30, 2018 6:52 AM EDTBEIJING, May 30, 2018 /PRNewswire/ --Â Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager primarily in China and also in other countries, today announced its unaudited financial results for the first quarter ended March 31, 2018.
First Quarter 2018 Highlights
Under ASC 606, the Company expects to recognize revenue for all contracts executed starting from January 1, 2018, on an "over time" basis using costs incurred, an input measure. First quarter results reflect the adoption of... More