Brief: Xinyuan Real Estate Co Ltd. Announces Q1 2019 Results
23/05/2019 12:25
May 23 (Reuters) - Xinyuan Real Estate Co Ltd XIN.N :
* FOR FULL YEAR OF 2019, CO EXPECTS INCREASE IN CONTRACT
SALES OF
ABOUT 10%
* XINYUAN REAL ESTATE CO., LTD. ANNOUNCES FIRST QUARTER 2019
FINANCIAL RESULTS
* Q1 REVENUE ROSE 169.3 PERCENT TO $468.9 MILLION
* QTRLY CONTRACT SALES INCREASED 26.0% TO US$479.7 MILLION
FROM
US$380.7 MILLION IN Q1 OF 2018
* QTRLY DILUTED NET EARNINGS PER AMERICAN DEPOSITARY SHARE
ATTRIBUTABLE TO SHAREHOLDERS WERE US$0.33
* FOR FULL YEAR OF 2019, COMPANY EXPECTS AN INCREASE IN
CONTRACT
SALES OF ABOUT 10%
* FOR FULL YEAR OF 2019, CO EXPECTS AN INCREASE IN
CONSOLIDATED
NET INCOME OF 15% TO 20% OVER 2018.
Source text for Eikon: ID:
Further company coverage: XIN.N
((Reuters.Briefs@thomsonreuters.com;))
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