Xinyuan Real Estate Co. Ltd. (XIN) announced a profit for fourth quarter that decreased compared to the same period last year.
The company said its bottom line dropped to $12.13 million, or $0.18 per share. This was lower than $19.12 million, or $0.26 per share, in last year's fourth quarter.
The company said revenue for the quarter rose 22.2% to $505.34 million. This was up from $413.59 million last year.
Xinyuan Real Estate Co. Ltd. earnings at a glance:
-Earnings (Q4): $12.13 Mln. vs. $19.12 Mln. last year.
-Earnings Decline (Y-o-Y): -36.6%
-EPS (Q4): $0.18 vs. $0.26 last year.
-EPS Decline (Y-o-Y): -30.8%
-Revenue (Q4): $505.34 Mln vs. $413.59 Mln last year.
-Revenue Change (Y-o-Y): 22.2%
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