Brief: Xinyuan Real Estate Co reports Q3 net earnings/ADS $0.22

Xinyuan Real Estate Co

10/11/2017 11:00

Nov 10 (Reuters) - Xinyuan Real Estate Co Ltd  XIN.N  
    * Announces third quarter 2017 financial results 
    * Q3 revenue rose 8.6 percent to $482.4 million 
    * Qtrly contract sales increased 15.1 pct to us$604.5 
million 
from $525.4 million in Q3 of 2016 
    * Qtrly diluted net earnings per american depositary share 
("ADS") attributable to shareholders were $0.22 
    * Quarter was negatively impacted by one-time $13 million 
loss on 
extinguishment of debt incurred upon co's debt redemption in 
July 
    * Xinyuan real estate qtrly net income negatively impacted 
by a 
one-time $13.0 million loss on extinguishment of debt incurred 
upon co's debt redemption 
    * Q3 results generally in line with co's expectations under 
ongoing "restrictive" government. Policies impacting China's 
housing market 
 
Source text for Eikon:  ID:nPn7ZT8ZNa  
Further company coverage:  XIN.N  
 
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