Brief: Xinyuan Real Estate Co Q1 Loss Per Share $0.16

Xinyuan Real Estate Co

30/05/2018 12:16

Xinyuan Real Estate Co Ltd  XIN.N :
    * XINYUAN REAL ESTATE CO., LTD. ANNOUNCES FIRST QUARTER 2018
FINANCIAL RESULTS
    * Q1 REVENUE FELL 38 PERCENT TO $174.1 MILLION
    * Q1 LOSS PER SHARE $0.16
    * XINYUAN REAL ESTATE CO - ADOPTION OF ASC 606 REDUCED Q1
REPORTED
REVENUE & NET INCOME BY $341.4 MILLION & $32.8 MILLION,
RESPECTIVELY
    * FOR Q2 OF 2018, COMPANY EXPECTS CONTRACT SALES TO BE
APPROXIMATELY US$530 MILLION
    * XINYUAN REAL ESTATE CO - FOR 2018, EXPECTS AN INCREASE IN
CONTRACT SALES OF ABOUT 10% & INCREASE IN CONSOLIDATED NET
INCOME OF 15% TO 20% OVER 2017

Source text for Eikon:  ID:nPnc71ZmGa 
Further company coverage:  XIN.N