Brief: Xinyuan Real Estate Co Reports Qtrly Diluted Earnings Per ADS Of $0.47

Xinyuan Real Estate Co

09/02/2018 11:00

Feb 9 (Reuters) - Xinyuan Real Estate Co Ltd  XIN.N : 
    * XINYUAN REAL ESTATE CO., LTD. ANNOUNCES FOURTH QUARTER 
2017 
FINANCIAL RESULTS 
    * Q4 REVENUE ROSE 44.3 PERCENT TO $729 MILLION 
    * QTRLY DILUTED EARNINGS PER ADS $0.47 
    * FOR 2018, COMPANY EXPECTS AN INCREASE IN CONTRACT SALES OF 
ABOUT 
10% 
    * FOR 2018,  EXPECTS AN INCREASE IN CONSOLIDATED NET INCOME 
OF 
15%-20% OVER 2017 
    * FOR Q1 OF 2018, CONTRACT SALES ARE EXPECTED TO BE ON PAR 
WITH 
PRIOR YEAR Q1 PERIOD 
    * EXPECTS "SIGNIFICANT" PRESSURE ON EARNINGS IN Q1 DUE TO 
SLOWER 
SALES, INCREASED INTEREST EXPENSE 
 
Source text for Eikon:  ID:nPnc5ktmqa  
Further company coverage:  XIN.N  
 
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