Xinyuan Real Estate: Rises on upbeat quarter, dividend

Xinyuan Real Estate Co

27/11/2020 11:49

** Shares of Chinese real estate developer  XIN.N  up 11.4%
at $2.64 premarket after positive Q3 results and dividend
declaration
    ** Co's Q3 revenue jumps 31.7% to $655.4 mln, while net
income rises to $29.5 mln, or $0.46/ADS, from $5.4 mln, or
$0.07/ADS, a year earlier  urn:newsml:reuters.com:*:nASA01G4B
    ** Co also declared a dividend of $0.025/ADS and expects
2020 contract sales of around 18 bln yuan ($2.74
bln) urn:newsml:reuters.com:*:nPn7t8B45a urn:newsml:reuters.com:*:nPn6PZbGza
    ** As of last close, stock down 37.3% YTD 


($1 = 6.5762 Chinese yuan)

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))