Xinyuan Real Estate Co. Ltd. Reveals 37% Decline In Q4 Profit

(RTTNews) - 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%