Fang Holdings (SFUN) Reports Q4 Loss of $0.29, Revenues Miss; 'Management Predicts Positive Net Income' for FY20

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Go back to Fang Holdings (SFUN) Reports Q4 Loss of $0.29, Revenues Miss; 'Management Predicts Positive Net Income' for FY20

Fang Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results

April 24, 2020 7:49 AM EDT

BEIJING, April 24, 2020 /PRNewswire/ -- Fang Holdings Limited (NYSE: SFUN) ("Fang" or the "Company"), a leading real estate Internet portal in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.

Fourth Quarter 2019 Highlights

Total revenues were $49.3 million, a decrease of 26.7% from $67.3 million in the corresponding period of 2018. Operating loss from continuing operations was $21.0 million, compared to an operating income from continuing operations of $21.1 million in the corresponding period of 2018.  Net loss was $26.2 million, compared to... More