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BRIEF-Xinyuan Real Estate Co reports Q3 net earnings/ADS $0.22​
November 10, 2017 / 11:29 AM / 13 days ago

BRIEF-Xinyuan Real Estate Co reports Q3 net earnings/ADS $0.22​

Nov 10 (Reuters) - Xinyuan Real Estate Co Ltd

* 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: Further company coverage:

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