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Xinyuan Real Estate Co. Ltd. Announces Fall In Q4 Profit

Xinyuan Real Estate Co. Ltd. (XIN) released earnings for fourth quarter that dropped from the same period last year.

The company's earnings came in at $33.94 million, or $0.62 per share. This compares with $70.10 million, or $1.13 per share, in last year's fourth quarter.

The company's revenue for the quarter fell 16.5% to $0.91 billion from $1.09 billion last year.

Xinyuan Real Estate Co. Ltd. earnings at a glance:

-Earnings (Q4): $33.94 Mln. vs. $70.10 Mln. last year.
-EPS (Q4): $0.62 vs. $1.13 last year.
-Revenue (Q4): $0.91 Bln vs. $1.09 Bln last year.

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