Xinyuan Real Estate (XIN) Reports Q2 Loss of $0.11 on Revenues of $360.6M; Offers 3Q Revenue Outlook

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Xinyuan Real Estate Co., Ltd. Announces Second Quarter 2018 Financial Results

August 15, 2018 6:00 AM EDT

BEIJING, Aug. 15, 2018 /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 also in other countries, today announced its unaudited financial results for the second quarter ended June 30, 2018.

Second Quarter 2018 Highlights

Under ASC 606, the Company expects to recognize revenue for contracts executed starting from January 1, 2018, on an "over time" basis using costs incurred, an input measure. Second quarter results reflect the adoption of ASC 606... More