Xinyuan Real Estate (XIN) Reports Q4 EPS of $1.15
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Xinyuan Real Estate Co., Ltd. Announces Fourth Quarter 2018 Financial Results
February 15, 2019 6:00 AM ESTBEIJING, Feb. 15, 2019 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced its unaudited financial results for the fourth quarter ended December 31, 2018.
Fourth Quarter 2018 Highlights
On January 1, 2018, the Company adopted ASC 606 to recognize revenue for contracts executed after the adoption on an "over time" basis using costs incurred, an input measure. As such, fourth quarter results reflect the adoption of ASC 606 and may not... More