Fang Holdings (SFUN) Reports Q2 Revenues Miss

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Go back to Fang Holdings (SFUN) Reports Q2 Revenues Miss

Fang Announces Second Quarter and First Half Year 2020 Unaudited Financial Results

August 14, 2020 5:53 AM EDT

BEIJING, Aug. 14, 2020 /PRNewswire/ -- Fang Holdings Limited (NYSE: SFUN) ("Fang" or "we"), a leading real estate Internet portal in China, today announced its unaudited financial results for the second quarter and the first half year ended June 30, 2020.

Second Quarter 2020 Highlights

Total revenues were $66.8 million, a decrease of 1.5% from $67.8 million in the corresponding period of 2019. Operating income from continuing operations was $6.4 million, a decrease of 78.7% from $30.1 million in the corresponding period of 2019. Net income was $21.5 million, an increase of 321.6% from $5.1 million in the... More